Question: The equity section of the balance sheet for Hilton Web Cams

The equity section of the balance sheet for Hilton Web-Cams looks like this:
Common stock, $0.25 par ........ $400,000
Paid-in capital in excess of par ...... $4,500,000
Retained earnings .......... $1,100,000
a. How many shares has the company issued?
b. What is the book value per share?
c. Suppose that Hilton Web-Cams has made only one offering of common stock. At what price did it sell shares to the market?

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  • CreatedMay 13, 2015
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