question archive The following information has been extracted from the balance sheet of ABC Corporation as on December 31, 2019
The following information has been extracted from the balance sheet of ABC Corporation as on December 31, 2019
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The following information has been extracted from the balance sheet of ABC Corporation as on December 31, 2019.
• Total stockholders' equity: $25,000,000
• Preferred stock (issued and outstanding): $5,000,000
• Average No. of shares of common stock outstanding: 2,000,000 shares
On the basis of above information, the book value per share of common stock is
. Single choice.
a $15.00
b $10.00
c $ 2.5
d $12.5
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