O'Reilly logo

Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

**EXERCISE 11-13

Purpose: (L.O. 9) This exercise will illustrate the computation of book value per share when more than one class of stock is outstanding.

Book value per share of stock refers to the amount of stockholders' equity applicable to a share of stock.

Instructions

Refer to the facts of Exercise 11-5 and the Solution to Exercise 11-5.

(a) Determine the book value per share of preferred stock.

(b) Determine the book value per share of common stock.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required