The Following Information Is Available for Gordon Corporation Instructions
Based on the Preceding Information, Calculate the Book Value

question 95

Essay

The following information is available for Gordon Corporation: $$\begin{array} { l r } \text { Common stock } ( \$ 5 \text { par } ) & \$ 600,000 \\\text { Paid-in capital in excess of par-common } & 200,000 \\\text { Retained earnings } & 180,000 \\\text { Treasury stock } & 80,000 \\\text { Common shares issued } & 100,000 \text { shares } \\\text { Common shares outstanding } & 90,000\end{array}$$ Instructions
Based on the preceding information, calculate the book value per share.

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Definitions:

Frequency Distribution

The representation, either in a graphical or tabular format, of how often each value in a set of data occurs.

Cumulative Frequency

The sum of the frequencies of all values that are less than or equal to a certain value, often used in statistical analysis to determine the number of observations below a specific value.

Relative Frequency

Relative frequency is the proportion or ratio of the number of times a value occurs in a dataset to the total number of observations.

Examination Scores

Quantitative measures that represent an individual's level of performance or achievement on a standardized test or examination.