At December 31, Gorden Corporation has total stockholders' equity of $3,200,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par- preferred stock $50,000. There are 10,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 200,000 shares of common stock are outstanding. Instructions Compute the book value per share of common

Chapter 11, Exercises #24

At December 31, Gorden has total stockholders' equity of $3,200,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par- preferred stock $50,000. There are 10,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 200,000 shares of are outstanding.

Instructions
Compute the book value per share of , under each of the following assumptions.
(a) There are no preferred dividends in arrears, and the preferred stock does not have a call price.
(b) Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...