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At fiscal year end, Dec 31, 2017, Alpha corp had total stockholders equity of $10,500,000. There is only one class of common stock and no preferred stock.

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Question

At fiscal year end, Dec 31, 2017, Alpha corp had total stockholders equity of $10,500,000. There is only one class

of common stock and no preferred stock. On Jan 1, 2017 the Common Stock account was value at $500,000. On July 1, 2017, Alpha issued 15,000 additional shares of its $5 par common stock for $15 per share. Use this info to determine the book value as of end of the FY 2017.

 
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