Multiple Choice
Dexter Corporation has total paid-in capital of $140,000 and retained earnings of $90,000.It has 2,000 shares of $10 preferred stock outstanding with no dividends in arrears and 4,000 shares of $10 par value common stock outstanding.The book value of each share of common stock is:
A) $52.50.
B) $5.25.
C) $57.50.
D) $38.33.
Correct Answer:
Verified
Correct Answer:
Verified
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