A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common

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A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common stock outstanding. Its total stockholders’ equity is $2,000,000. Its book value per common share is:

a. $100.00

b. $ 10.00

c. $ 40.00

d. $ 30.00
e. $ 36.36

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Jul 15, 2024 10:09 AM

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A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common

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Fundamental Accounting Principles Volume 2

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