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Layne Corporation had the following information in its financial statements at December 31, 20x8: Preferred stock, $100 par, 20,000 shares authorized, issued and outstanding Common
Layne Corporation had the following information in its financial statements at December 31, 20x8: Preferred stock, $100 par, 20,000 shares authorized, issued and outstanding Common stock, $10 par, 500,000 shares authorized, issued and outstanding Additional paid-in capital Retained earnings Total stockholders" equity O $30 $34 Layne's preferred stockholders' equity is $2,000,000. What is the book value per share for Layne Corporation at December 31, 20x8? O $24 $2,000,000 $10 5,000,000 7,000,000 3,000,000 $17,000,000
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