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Question Completion Status: Question 1 The following information are available for Iraq Company on December 31, 2018: 1 points Equity Preference Ordinary Preference Shares, 6%

Question Completion Status: Question 1 The following information are available for Iraq Company on December 31, 2018: 1 points Equity Preference Ordinary Preference Shares, 6% (7.500 Outstanding Shares. $10 Par) $750,0000 Ordinary Shares (250.000 Outstanding Shares. $5 Par) $1,250,000 Share Premium - Ordinary 500.000 Retained Earnings 650.000 If the net income for the year 2018 is included in the retained earnings and 2 years are dividends in arrears. The preference shares are cumulativ and participating up to 8%. The book value per share will be: A. $9.06 share B. $9.00 share C. 59.60 share D. 7.00 share

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