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A Company Reports the Following Stockholders' Equity Contributed Capital:
Compute the (1)number of Common Shares Outstanding and stock

question 159

Essay

A company reports the following stockholders' equity:
 Common stock, $10 par, 500,000 shares authorized $3,000,000 Contributed capital in excess of par, Common stock 1,300,000 Total contributed capital $4,300,000 Retained earnings 1,400,000 Total stockholders’ equity $5,700,000\begin{array}{|l|r|}\hline\text { Common stock, } \$ 10 \text { par, } 500,000 \text { shares authorized } & \$ 3,000,000 \\\hline \text { Contributed capital in excess of par, Common stock } & \underline{1,300,000} \\\hline \text { Total contributed capital } & \$ 4,300,000 \\\hline \text { Retained earnings } & \underline{1,400,000} \\\hline \text { Total stockholders' equity } & \$ 5,700,000\\\hline\end{array}

Contributed capital:
Compute the (1)number of common shares outstanding and (2)book value per common share.


Definitions:

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