Jazzy Corporation's stockholders' equity section of the balance sheet reports: Common Stock ($10 par value, 50,000 shares authorized, 15,000 shares issued)$150,000; Paid-in Capital in Excess of Par Value-Common $50,000; Retained Earnings, $300,000. The book value per share for common stock is:

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The book value per share is calculated by dividing the total stockholders' equity by the number of shares outstanding. Total equity is $150,000 (Common Stock) + $50,000 (Paid-in Capital) + $300,000 (Retained Earnings) = $500,000. Dividing $500,000 by 15,000 shares gives a book value of $33.33 per share.

Jazzy Corporation's Stockholders' Equity Section of the Balance Sheet Reports