Compute the book value per share of the common stock

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Reference no: EM13527271

The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011.

Common Stock ($10 stated value)


Paid-in Capital from Treasury Stock


Paid-in Capital in Excess of Stated Value-Common Stock


Paid-in Capital in Excess of Par Value-Preferred Stock


Preferred Stock (8%, $100 par, noncumulative)


Retained Earnings


Treasury Stock-Common (8,000 shares)



(a) Prepare a stockholders' equity section at December 31, 2011.

(b) Compute the book value per share of the common stock, assuming the preferred stock has a call price of $110 per share.

Reference no: EM13527271

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