From the Following,determine the Book Value Per Share for Preferred

question 33

Essay

From the following,determine the book value per share for preferred and common stocks,assuming $2,000 of dividends are in arrears on the preferred stock.
$\begin{array}{llcc} \text { Stockholders' Equity } & \\ \text { Preferred Stock, \( 8 \% \) cumulative and } &\\ \text {\( \$ 10 \) par value, \( \$ 12 \) redemption value } &\\ \text { 5,000 shares issued and outstanding } &\$20,000\\ \text { Common Stock, \$1 par value, 40,000 shares } &\\ \text { issued and outstanding } &40,000\\ \text { Retained Earnings} &8,000\\\\ \text {Total Stockholders' Equity } &\underline{\underline{\$68,000}}\\\end{array}$

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