Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is...Required information[The...

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Accounting

Required information
[The following information applies to the questionsdisplayed below.]

Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:
Preferred stock—5% cumulative,$_ par value, 1,000 shares
authorized, issued, and outstanding $ 50,000
Common stock—$_ par value,4,000 shares authorized, issued,
and outstanding 200,000
Retained earnings 330,000
Total stockholders' equity $ 580,000
3. If no dividends are in arrears, what is thebook value per share of common stock?
Required information
[The following information applies to the questionsdisplayed below.]

Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:
Preferred stock—5% cumulative,$_ par value, 1,000 shares
authorized, issued, and outstanding $ 50,000
Common stock—$_ par value,4,000 shares authorized, issued,
and outstanding 200,000
Retained earnings 330,000
Total stockholders' equity $ 580,000
3. If no dividends are in arrears, what is thebook value per share of common stock?
Required information
[The following information applies to the questionsdisplayed below.]

Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:
Preferred stock—5% cumulative,$_ par value, 1,000 shares
authorized, issued, and outstanding $ 50,000
Common stock—$_ par value,4,000 shares authorized, issued,
and outstanding 200,000
Retained earnings 330,000
Total stockholders' equity $ 580,000
3. If no dividends are in arrears, what is thebook value per share of common stock?

Answer & Explanation Solved by verified expert

4.3 Ratings (797 Votes)

book value per Preferred share

Choose Numerator

Choose Denominator

Book value per common share

stockholders equity applicable to PS

Number of PS outstanding

Book value per common share

50,000

1,000

book value per common share

Choose Numerator

Choose Denominator

Book value per common share

stockholders equity applicable to CS

Number of CS outstanding

Book value per common share

530,000

4,000

132.5

Explanation:

common stock

Book value of preferred stock=

par value

(when not callable)

Total Equity

(CS +RE)

580,000

less Equity for preferred

-50,000

common stock Equity

530,000

number of oustanding shares

4,000

book value per common share

132.5

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In: AccountingRequired information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is...Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?Required information[The following information applies to the questionsdisplayed below.]Raphael Corporation’s common stock is currently selling on a stockexchange at $159 per share, and its current balance sheet shows thefollowing stockholders’ equity section:Preferred stock—5% cumulative,$___ par value, 1,000 sharesauthorized, issued, and outstanding$50,000Common stock—$___ par value,4,000 shares authorized, issued,and outstanding200,000Retained earnings330,000Total stockholders' equity$580,0003. If no dividends are in arrears, what is thebook value per share of common stock?


Preferred stock—5% cumulative,$___ par value, 1,000 shares authorized, issued, and outstanding	$	50,000
Common stock—$___ par value,4,000 shares authorized, issued, and outstanding		200,000
Retained earnings		330,000
Total stockholders' equity	$	580,000