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Total common stock 50000 5000 shares total preferred stock

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

Total assets $150,000

Total stockholders' equity $120,000

Total common stock $ 50,000 (5,000 shares)

Total preferred stock $ 10,000 (1,000 shares)

The book value per share of common stock is:

a. $22.

b. $25.

c. $20.

d. $28.

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Accounting Basics: Total common stock 50000 5000 shares total preferred stock

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