Use the following information for questions. The following data are provided for Croatia Corp.'s last two fiscal years:
Shareholders' Equity 15- 27 Additional information: On May 1, 2015, 6,000 common shares were issued.Although dividends had been declared regularly up to December 31, 2014, preferred dividends were NOT declared during 2015.The market price of the common shares was $100 at December 31, 2015.
-The book value per common share at December 31, 2015 is
A) $16.67.
B) $18.18.
C) $27.50.
D) $35.83.
Correct Answer:
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