In computing book value per share of common stock,common stock distributable is included in the number of shares outstanding.

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Quizplus · Accepted Answer

Common stock distributable represents the shares that have been authorized but not yet issued to shareholders. These shares are included in the calculation of the number of shares outstanding, which is used to compute book value per share of common stock. Therefore, option A is true.

In Computing Book Value Per Share of Common Stock,common Stock