The following selected information relates to Belcher Unlimited for the past two years. The book value per share of common stock for the current year is
A)$136.88.
B)$124.22.
C)$175.47.
D)$99.22.

Question

The following selected information relates to Belcher Unlimited for the past two years.  The book value per share of common stock for the current year is
A)$136.88. 
B)$124.22. 
C)$175.47. 
D)$99.22.

Quizplus · Accepted Answer

To calculate the book value per share of common stock, the total common stockholders' equity is divided by the number of common shares outstanding. 
Total common stockholders' equity for the current year is $24,844,000 + $8,640,000 + $4,324,000 + $10,000,000 = $47,808,000
Number of common shares outstanding is 384,000
Book value per share of common stock = $47,808,000 / 384,000 = $124.22. Thus, the correct choice is B.

The Following Selected Information Relates to Belcher Unlimited for the Past