The following data are provided: 
Additional information:On May 1, 2015, 5,000 shares of common stock were issued. The preferred dividends were not declared during 2015. The market price of the common stock was $50 at December 31, 2015.The book value per share of common stock at 12/31/15 is calculated as
A) 455 ÷ 14.
B) 380 ÷ 14.
C) 220 ÷ 14.
D) 460 ÷ 14.
Correct Answer:
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