In discussing book value of common stock, which statement below is not correct? A) Book value is also referred to as total equity of the firm. B) The terms "issued" and "outstanding" are synonymous when discussing the number of common shares. C) Book value per share is computed by dividing common equity by the number of common shares outstanding. D) If any preferred stock were outstanding, its carrying amount would be deducted from the total equity to obtain the common equity.