statement.

5) When a company has both common shares and preferred shares, the book value

per common share is calculated by:

A) dividing total shareholders' equity less preferred equity by the number of

common shares outstanding

B) dividing the amount in the common shares account by the number of common

shares outstanding

C) dividing total shareholders' equity by the number of common shares outstanding

D) dividing the amount in the common shares account by the sum of the number of