The following account balances have been provided for the end of the most recent year:

$\begin{array}{lr}
\text { Total assets }&\$150,000\\text { Total stockholders' equity. }&\$120,000\\text { Total common stock ( } 5,000 \text { shares })&\$50,000\\text { Total preferred stock }(1,000 \text { shares })&\$10,000
\end{array}$

The book value per share of common stock is:
A)$22
B)$25
C)$20
D)$28

Question

The following account balances have been provided for the end of the most recent year:

$\begin{array}{lr}
\text { Total assets }&\$150,000\\text { Total stockholders' equity. }&\$120,000\\text { Total common stock ( } 5,000 \text { shares })&\$50,000\\text { Total preferred stock }(1,000 \text { shares })&\$10,000
\end{array}$

The book value per share of common stock is:
A)$22
B)$25
C)$20
D)$28

Quizplus · Accepted Answer

The Answer of The following account balances have been provided for the end of the most recent year:

$\begin{array}{lr}
\text { Total assets }&\$150,000\\text { Total stockholders' equity. }&\$120,000\\text { Total common stock ( } 5,000 \text { shares })&\$50,000\\text { Total preferred stock }(1,000 \text { shares })&\$10,000
\end{array}$

The book value per share of common stock is:
A)$22
B)$25
C)$20
D)$28

The Following Account Balances Have Been Provided for the End