Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is...

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Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December 31, the total assets of the company amount to $4,360,000 and total liabilities to $2,230,000. On that date, the board of directors declared a 10% stock dividend. Required: Compute the following. Note: Round your answers to the nearest to two decimal place. (A) Book value per share before the stock dividend (B) Book value per share after the stock dividend Olympic Corporation has 75,000 shares of $1 par value stock outstanding. The largest single stockholder is Lou Cheng, who owns 6,000 shares. On December 31, the total assets of the company amount to $4,360,000 and total liabilities to $2,230,000. On that date, the board of directors declared a 10% stock dividend. Required: Compute the following. Note: Round your answers to the nearest to two decimal place. (A) Book value per share before the stock dividend (B) Book value per share after the stock dividend

Answer rating: 100% (QA)

To compute the book value per share before and after the stock dividend we need to calculate the tot... View the full answer