What book value of a share of common stock at december

Assignment Help Financial Accounting

Reference no: EM132807713

Nova Corporation has an authorized capital of 10,000 shares of ?100 par, 8% cumulative preferred stock and 20,000 shares of ?100 par common stock. The equity account balances at December 31, 2008 are as follows:

Cumulative preferred stock 500,000

Common stock 1,100,000

Additional paid in capital 200,000

Retained earnings 260,000

Treasury stock, common-1,000 shares at cost (150,000)

Total shareholders' equity 1,910,000

Problem 1: Dividends on preferred stock are in arrears for 2007 and 2008. The book value of a share of common stock at December 31, 2008 should be

a. 125

b. 191

c. 133

d. 141

Reference no: EM132807713

Questions Cloud

Effectiveness of the new technology and system : Examine strategies to evaluate the effectiveness of the new technology and system. Answer the following questions:

Differences between salaries and wages : In your own understanding, what are the differences between salaries and wages? Provide a specific example using workplace scenarios.

What book value per ordinary share at december should be : Dividends on preferred stock are in arrears for the year 20x1. The book value per ordinary share at December 31, 20x1, should be

Employment law and the hiring process : Briefly explain your overall understanding of conducting employee background checks. Why are they done? Why are they important?

What book value of a share of common stock at december : Dividends on preferred stock are in arrears for 2007 and 2008. The book value of a share of common stock at December 31, 2008 should be

Determine the individual development plan : Identify two weaknesses revealed in your Individual Development Plan and discuss why you selected these opportunities

Human resources strategies : Imagine you have been hired to oversee the human resources department of a large hospital system. Explain the importance of measuring competencies.

Impact of strategic management on organisational growth : Please Explain the Impact of Strategic Management on Organisational Growth and Development amidst the Covid-19 pandemic and help answer this question in relatin

What boe book value per common share was : What Boe's book value per common share was? 6% noncumulative preference shares, ?100 par (liquidation value ?105 per share) 1,000,000

User Account

All Pages