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}$

---

Definitions:

Social Atomization

The breakdown of social bonds between an individual and their community or society, leading to isolation and fragmentation of social life.

Chris McCandless

An American hiker and adventurer best known for his travels to Alaska and the circumstances of his death, which were documented in the book “Into the Wild.”

Wilderness

Undeveloped land that has not been significantly modified by human activity, often preserved for its natural condition.

Maritime Commerce

The exchange of goods and services conducted via sea, involving the transportation and trade of commodities across international waters.