Homework Answers
1.Journal entries are as follows:
2.Book value per common share=Stockholder's equity applicable to common shares/Total number of common shares outstanding
Before dividend
Book value per common share=1,740,000/54,000
Book value per commom share=32.222
Total book value of stockholder's shares=750*32.222
Total book value of stockholder's shares=$24,167
After dividend
Book value per common share= 1,740,000/(54,000+7,650)
Book value per common share=1,740,000/61,650
Book value per common share=$28.224
Total book value of stockholdet's shares=855*28.224
Total book value of stockholdet's shares=$24,132
note:
(750 shares+14% of 750)=855
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Required information Exercise 11-6 Stock dividends and per share book values LO P2 [The following information...
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