Shown below is information relating to the stockholders' equity of Revere Corporation at December 31, Year 1.
Answer the following questions based on the stockholders' equity section given above.
-Refer to the above data. The book value per share of common stock, assuming current-year preferred dividends have been paid, is:

Question

Shown below is information relating to the stockholders' equity of Revere Corporation at December 31, Year 1.
  Answer the following questions based on the stockholders' equity section given above.
-Refer to the above data. The book value per share of common stock, assuming current-year preferred dividends have been paid, is:

Quizplus · Accepted Answer

The book value per share is calculated by subtracting preferred equity from total equity and then dividing by the number of common shares. Assuming preferred dividends are paid, the remaining equity is allocated to common shares.

Shown Below Is Information Relating to the Stockholders' Equity of Revere