A company has 40,000 shares of common stock outstanding.The stockholders' equity applicable to common shares is $470,000,and the par value per common share is $10.The book value per share is:
A)$ 0.09.
B)$ 1.75.
C)$10.00.
D)$11.75.
E)$47.50.

Question

Quizplus · Accepted Answer

Book Value per Share = Stockholders' Equity Applicable to Common/Common Shares Outstanding
Book Value per Share = $470,000/40,000 = $11.75 per share

A Company Has 40,000 Shares of Common Stock Outstanding