Compute book value per share of common stock using the following info: 8% cumultive preferred stock, $100par                   $230,000 Common stock, $5 par authorized 100,000 issued 60,000    $300,000 Additional paid in capital                          $440,000 Deficit amount                                           $146,800 Dividends in arrears on preferred stock 1 full year           $18,400

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Compute book value per share of common stock using the following info:

8% cumultive preferred stock, $100par                   $230,000

Common stock, $5 par authorized 100,000 issued 60,000    $300,000

Additional paid in capital                          $440,000

Deficit amount                                           $146,800

Dividends in arrears on preferred stock 1 full year           $18,400

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Calculate the equity available for common stockholders.

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