The Following Account Balances Have Been Provided for the End

question 97

Multiple Choice

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

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

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