Essay
On January 1,BPA Corporation had 250,000 common shares outstanding,issued for $500,000,and retained earnings of $100,000.On January 1,BPA declared a 35% share dividend to holders of record on January 15,to be distributed on January 25.Fair market value of BPA common shares on January 1 was $20 per share.What is the book value per common share on January 26?
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