Lemma Corporation Has Total Contributed Capital of $600,000 and Retained

question 44

Multiple Choice

Lemma Corporation has total contributed capital of $600,000 and retained earnings of $340,000.It has 1,000 shares of $100 par value preferred stock with no dividends in arrears and 5,000 shares of $100 par value common stock.The preferred stock is callable at 105.The book value of each share of common stock is

• A) $168.
• B) $93.
• C) $167.
• D) $188.