Assume common stock is the only class of stock outstanding in the Manley Corporation. Total stockholders' equity divided by the number of common stock shares outstanding is called
A) book value per share.
B) par value per share.
C) stated value per share.
D) fair value per share.

Question

Quizplus · Accepted Answer

Book value per share is the ratio of total stockholders' equity to the number of common stock shares outstanding. Par value per share is a nominal value assigned to each share of stock by the issuing company. Stated value per share is a value assigned to a no-par stock by the issuing company, whereas fair value per share is the current market value of the stock.

Assume Common Stock Is the Only Class of Stock Outstanding