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question 26 8% cumulative preferred stock, $100 par $ 200,000 Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares 300,000 Additional paid-in capital 460,000
question 26
8% cumulative preferred stock, $100 par | $ | 200,000 | ||
Common stock, $5 par, authorized 100,000 shares, issued 60,000 shares | 300,000 | |||
Additional paid-in capital | 460,000 | |||
Deficit (negative amount in retained earnings) | 146,800 | |||
Dividends in arrears on preferred stock, 1 full year | 16,000 |
compute the amount of net assets (stockholder's equity) b. compute the book value per share of common stock
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