Please Refer to the Equity Section of the Balance Sheet

question 52

Multiple Choice

Please refer to the equity section of the balance sheet, below:
$\begin{array}{|l|c|}\hline \text { Common stock, } \$ 0.01 \text { par } & \$ 500 \\\hline 1,000,000 \text { shares authorized, } 50,000 \text { shares outstanding } &\\\hline \text { Paid-in capital in excess of par } & 399,500 \\\hline \text { Retained earnings } & 150,000 \\\hline \text { Total stockholder's' equity } & \$ 550,000 \\\hline\end{array}$
Please calculate the book value per share of common stock.

• A) $3.00 per share
• B) $8.00 per share
• C) $11.00 per share
• D) $29.50 per share

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Definitions:

Victimless Crimes

Legal offenses that do not directly harm another individual, often involving consensual activities.

Forgery

The act of falsely making or altering a writing with the intent to defraud, such as signing another person’s name to a check without authorization.

Fraudulently

Acting with intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Marginal Cost

The supplementary expense resulted from manufacturing one extra unit of a good or service.