Use the Following Information for Questions 93-95

question 66

Multiple Choice

Use the following information for questions 93-95.
The following data are provided for Croatia Corp.'s last two fiscal years: Additional information:
On May 1, 2021, 6,000 common shares were issued. Although dividends had been declared regularly up to December 31, 2020, preferred dividends were NOT declared during 2021. The market price of the common shares was $ 100 at December 31, 2021.
-The book value per common share at December 31, 2021 is

• A) $ 16.67.
• B) $ 18.18.
• C) $ 27.50.
• D) $ 35.83.

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Definitions:

Cost Purchased

The total price paid to acquire goods or services, including the purchase price and any additional charges necessary to obtain the asset.

Production Budget

A financial plan that estimates the number of units to be produced to meet sales goals and manage inventory levels.

Beginning Units

The quantity of inventory on hand at the start of an accounting period.

Ending Units

The quantity of inventory items or goods unsold at the end of an accounting period.