How is book value per common share computed when the company has both preferred shares and common

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How is book value per common share computed when the company has both preferred shares and common shares outstanding?
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Accounting

ISBN: 978-0132690089

9th Canadian Edition volume 2

Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

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