Heather Valley Company has the following amounts in the Stockholders' Equity category of the balance sheet at December 31,2014:
Preferred Stock,$100 par,8%,noncumulative (liquidation value of $120 per share)$100,000
Paid-In Capital-Preferred 60,000
Common Stock,$5 par 450,000
Paid-In Capital-Common 50,000
Retained Earnings 225,000
Required:
Determine the book value per share of the Heather Valley Company stock.

Question

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The Answer of Heather Valley Company has the following amounts in the Stockholders' Equity category of the balance sheet at December 31,2014:
Preferred Stock,$100 par,8%,noncumulative (liquidation value of $120 per share)$100,000
Paid-In Capital-Preferred 60,000
Common Stock,$5 par 450,000
Paid-In Capital-Common 50,000
Retained Earnings 225,000
Required:
Determine the book value per share of the Heather Valley Company stock.

Heather Valley Company Has the Following Amounts in the Stockholders