at fiscal year end, December 31, 2017 Alpha Corporation had total stockholders equity of $10,500,000....
80.2K
Verified Solution
Link Copied!
Question
Accounting
at fiscal year end, December 31, 2017 Alpha Corporation had total stockholders equity of $10,500,000. There is only one class of common stock and no preferred stock. On January 1, 2017 the common stock account was vlaue at %500,000. On july 1 ,2017, Alpha issued 15,000 additional shares of its $5 per common stock for $15 per share. Use the information to determine the book value as of the end of the FY 2017. Round your answer to the nearest penny
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
