m*******m
发帖数: 127 | 1 Georgia, Inc. has an authorized capital of 1,000 shares of $100 par, 8%
cumulative preferred stock and 100,000 shares of $10 par common stock. The
equity account balances at December 31, year 2, are as follows:
Cumulative preferred stock $ 50,000
Common stock 90,000
Additional paid-in capital 9,000
Retained earnings 13,000
Treasury stock, common—100 shares at cost (2,000)
$ 160,000
Dividends on preferred stock are in arrears for the year year 2. The book
value of a share of common stock at December 31, year 2, should be
$11.78
$11.91
$12.22
$12.36
This answer is correct. Book value (BV) per share of common stock is: BV
per share = Common stockholders’ equity/Outstanding shares. The amount
allocated to preferred stock (PS), calculated below, is deducted from total
stockholders’ equity to obtain common stockholders’ equity.
Par value of
PS outstanding + 2000 dividends in arrears = Amount
allocated to preferred stock
$50,000 + (8%) ($50,000) = $54,000
The remaining unallocated owners’ equity is $106,000 ($160,000 total owners
’ equity − $54,000 PS’s share). Georgia has issued 9,000 shares of
stock ($90,000 total par value/$10 par per share), and 100 shares are held
in treasury, leaving 8,900 shares outstanding. Thus BV per share is $11.91
($106,000/8,900 shares).
这个题的解释里面： 为什么 “2000 dividends in arrears 的计算是 8%*$50，000
而不是8% 100，000preferred stock”， 请这里考过CPA FAR的前辈帮忙分析下，谢谢
啦！ | m****i
发帖数: 1401 | 2 Authorized 不等于outstanding. 100,000是authorized, 50,000才是o/s |
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