Question Details

Compute the book value per share 



1
On December 31, 2008, Colaw Company reports the following amounts in its stockholders' equity
section:
Common stock $2,400,000
Paid-in capital in excess of stated value—common 900,000
Retained earnings 1,180,000
Treasury stock—common 180,000
The common stock has a stated value of $10 per share. One million shares of common stock are
authorized and 40,000 shares are held in the treasury.
Instructions
Compute the book value per share of common stock.


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