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The following account balances have been provided for the end of the most recent year: Total assets $150,000 Total stockholders' equity $120,000 Total common stock

The following account balances have been provided for the end of the most recent year: Total assets $150,000 Total stockholders' equity $120,000 Total common stock $ 50,000 (5,000 shares) Total preferred stock $ 10,000 (1,000 shares) The book value per share of common stock is: a.$22 b.$25 c.$20 d.$28

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