Brown Fashions Inc.'s December 31, 2014, balance sheet showed total common equity of $4,050,000 and 200,000 shares of s...
Brown Fashions Inc.'s December 31, 2014, balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding. During 2014, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/14, assuming no common stock was either issued or retired during 2014?
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Homework Answers
22.00
1.Return earnings= Net Income-Dividends
2. Total Equity=Equity+Return earnings
3. BVPS= Total Equity/Number of shares.
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Brown Fashions Inc.'s December 31, 2014, balance sheet showed total common equity of $4,050,000 and 200,000 shares of s...
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Common shares, unlimited authorized shares, 550,000 shares
issued and outstanding
$
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Apr.
1
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share; this is the first retirement recorded by Mady.
June
1
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Dec.
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On December 31, 2017, Dow Steel Corporation had 650,000 shares of common stock and 35,000 shares...
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common stock as of December 31, 2014
The company purchased and immediately retired 180,000 shares at
$19 on August 1, 2015, and 32,000 shares at $9 on December 31,
2015. Make the entries to record the acquisition and retirement of
the common stock. (Assume all shares were originally sold at the
same price.)
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balances on the December 31, 2019, balance sheet:
Common shares, unlimited authorized shares, 550,000 shares
issued and outstanding
$
3,850,000
Retained earnings
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During 2020, the following selected transactions occurred:
Apr.
1
Repurchased and retired 150,000 common shares at $7.60 per
share; this is the first retirement recorded by Mady.
June
1
Declared a 2:1 share split to shareholders of record on June
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1
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