Question

The balance sheet for Kingbird, Inc. shows the following: total paid-in capital and retained earnings $860,000, total stockholders’ equity $788,400, common stock issued 42,000 shares, and common stock outstanding 36,000 shares.

Required:
Compute the book value per share.

Answer 1

$21.9 per share

Step-by-step explanation:

Book value per share = Total stockholders’ equity/Common stock outstanding

Book value per share = $788,400 / 36,000

Book value per share = $21.9 per share