Question: Required Using the information provided, calculate book value per common share assuming: a. There are no dividends in arrears. b. There are three years of

Required
Using the information provided, calculate book value per common share assuming:
a. There are no dividends in arrears.
b. There are three years of dividends inarrears.

Yangaroo Inc. Equity Section of Balance Sheet December 31, 2014 Contributed capital Preferred shares, $5 cumulative, 10,000 shares authorized, issued, and outstanding... .$ 120,000 Common shares, 100,000 shares authorized; 75,000 shares 450,000 S 570,000 534,000 Retained earnings

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