Given the following, prepare the book value per share for preferred and common stock Preferred Stock $96,000 1,400 shares issued Common Stock $172,000 1,600 shares issued Retained Earnings, $9,800 Preferred Dividends in Arrears, $5,400 Paid in capital in excess of par preferred, $6,800 Paid in capi...

Redemption value Dividends in arrears Preferre ...

Given the following, prepare the book value per share for preferred and common stock: Preferred Stock

Question:

Given the following, prepare the book value per share for preferred and common stock:
• Preferred Stock $96,000; 1,400 shares issued.
• $172,000; 1,600 shares issued.
• Retained Earnings, $9,800.
• Preferred Dividends in Arrears, $5,400.
• Paid-in capital in excess of par: preferred, $6,800.
• Paid-in capital in excess of par: common, $7,000.
• Redemption value on preferred stock, $16.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...