Bellingham Corporation has the following stockholders' equity balances at December 31, 2008: Common Stock, $1 par...............................$ 3,500

Question:

Bellingham Corporation has the following stockholders' equity balances at December 31, 2008:

Common Stock, $1 par...............................$ 3,500

Paid-in Capital in Excess of Par.............24,500

Retained Earnings........................................ 62,500

Total.........................................................$90,500

Calculate book value per share.

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...