James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has 31,000 shares of common stock outstanding, and its total stockholders' equity equals $674,600. The book value per common share is:

James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has 31,000 shares of common stock outstanding, and its total stockholders' equity equals $674,600. The book value per common share is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has 31,000 shares of common
stock outstanding, and its total stockholders' equity equals $674,600. The book value per common share is:
Multiple Choice
$15.79.
$100.00.
$16.60.
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