141. A company has $2,400,000 in stockholders' equity, that includes 500 shares of $50 par value noncallable preferred stock outstanding and 250,000 shares of common stock outstanding. Calculate the book value per (1) preferred share and (2) common share.
142. A company reports the following stockholders' equity:
Common stock, $10 par, 500,000 shares authorized
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$3,000,000
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Contributed capital in excess of par, common stock
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1,300,000
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Total contributed capital
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$4,300,000
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Retained earnings
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1,400,000
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Total stockholders’ equity
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$5,700,000
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Contributed capital:
Compute the (1) number of common shares outstanding and (2) book value per common share.
143. The stockholders' equity section of a company's year-end balance sheet follows:
Preferred stock, $100 par value, 9% cumulative and nonparticipating, 5,000 shares outstanding
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$500,000
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Contributed capital in excess of par value, preferred stock
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50,000
|
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Total capital contributed by preferred stockholders
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$550,000
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Common stock, $5 par value, 150,000 shares outstanding
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$750,000
|
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Contributed capital in excess of par value, common stock
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150,000
|
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Total capital contributed by common stockholders
|
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900,000
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Total contributed capital
|
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$1,450,000
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Retained earnings
|
|
1,660,000
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Total stockholders’ equity
|
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$3,110,000
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The preferred stock has a call price of $103 per share plus dividends in arrears. One entire year's dividends are in arrears. Calculate the book value per (1) preferred share and (2) common share.
144. A corporation reports the following year-end stockholders' equity:
Contributed capital:
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Preferred stock, 8%, 100,000 shares authorized, 50,000 shares issued
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$ 2,500,000
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Contributed capital in excess of par, Preferred
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125,000
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Common stock, $10 par, 500,000 shares authorized, 400,000 shares issued
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4,000,000
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Contributed capital in excess of par, Common
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1,200,000
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Total contributed capital
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$ 7,825,000
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Retained earnings
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10,775,000
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Total stockholders’ equity
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$18,600,000
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Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.
145. The stockholders' equity section of a corporation's balance sheet follows:
Preferred stock, $25 par value, 6%, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding
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$125,000
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Contributed capital in excess of par value, Preferred stock
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50,000
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Common stock, $10 par value, 50,000 shares authorized, 10,000 shares issued and outstanding
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100,000
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Contributed capital in excess of par value, common stock
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40,000
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Retained earnings
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95,000
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Total stockholders’ equity
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$410,000
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(1) Assuming that the preferred stock is not callable and no dividends are in arrears, compute the book values per preferred share and per common share.
(2) Assuming that the preferred stock has a call price of $30 per share and there is one year of cumulative preferred dividends is in arrears, compute the book values per preferred share and per common share.