A company has 50,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $1,470,000, and the par value per common share is $5. The book value per share is:

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Quizplus · Accepted Answer

The book value per share is calculated by dividing the stockholders' equity applicable to common shares by the number of shares outstanding. In this case, the book value per share is $1,470,000 / 50,000 = $29.40.

A Company Has 50,000 Shares of Common Stock Outstanding