The following data are provided for Croatia Corp.s past two fiscal years: Dec 31, 2024 Dec 31,

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Question:

The following data are provided for Croatia Corp.’s past two fiscal years:

Dec 31, 2024 Dec 31, 2023

Cumulative preferred shares, $5, no par value,

4,000 shares outstanding $200,000 $200,000

Common shares, no par, 24,000 shares outstanding 400,000 310,000

Retained earnings (post closing) 480,000 430,000

Net income 180,000

Additional information:

On May 1, 2024, 6,000 common shares were issued. Although dividends had been declared regularly up to December 31, 2023, preferred dividends were NOT declared during 2024. The market price of the common shares was $100 at December 31, 2024.

What is the book value per common share at December 31, 2024?

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Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

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Posted Date: Apr 18, 2023 12:36 AM

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The following data are provided for Croatia Corp.s past two fiscal years: Dec 31, 2024 Dec 31,

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To calculate the book value per common share we need to determine the total shareholders equity and divide it by the total number of common shares out... View the full answer

Cost Accounting

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