Question

Given the following, prepare the book value per share for preferred and common stock:
• Preferred Stock $91,000; 1,200 shares issued.
• Common Stock $170,000; 1,000 shares issued.
• Retained Earnings, $9,500.
• Dividend in Arrears, $6,000.
• Paid-in capital in excess of par: preferred, $7,000.
• Paid-in capital in excess of par: common, $8,500.
• Redemption value on preferred stock, $20.



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  • CreatedApril 24, 2014
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