On December 31, 2018, Colaw Company reports the following amounts in its stockholder' equity section: $\begin{array}{lr}
\text { Common stock } & \$ 2,400,000 \
\text { Paid-in capital in excess of stated value-common } & 900,000 \
\text { Retained earnings } & 1,980,000 \
\text { Treasury stock-common } & 180,000
\end{array}$ The common stock has a stated value of $10 per share. One million shares of common stock are authorized and 40,000 shares are held in the treasury.
Instructions
Compute the book value per share of common stock

Question

Quizplus · Accepted Answer

The Answer of On December 31, 2018, Colaw Company reports the following amounts in its stockholder' equity section: $\begin{array}{lr}
\text { Common stock } & \$ 2,400,000 \
\text { Paid-in capital in excess of stated value-common } & 900,000 \
\text { Retained earnings } & 1,980,000 \
\text { Treasury stock-common } & 180,000
\end{array}$ The common stock has a stated value of $10 per share. One million shares of common stock are authorized and 40,000 shares are held in the treasury.
Instructions
Compute the book value per share of common stock

On December 31, 2018, Colaw Company Reports the Following Amounts