The Following Account Balances Have Been Provided for the End

question 167

Multiple Choice

The following account balances have been provided for the end of the most recent year: $\begin{array} { l r } \text { Total Assets } & \$ 150,000 \\\text { Total Shareholders" Equity } & \$ 120,000 \\\text { Total Common Shares } & \$ 50,000 ( 5,000 \text { shares) } \\\text { Total Preferred Shares } & \$ 10,000 ( 1,000 \text { shares) }\end{array}$ What is the book value per common share?

• A) $20.
• B) $22.
• C) $25.
• D) $28.

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Relating to a widely held but fixed and oversimplified image or idea of a particular type of person or thing.

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