Red Company reported total shareholders' equity of $500,000, which included a common share account balance of $200,000 (40,000 shares) at the end of 20X2. Compute the book value per common share assuming the company had only common shares. The book value per common share was $________.

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The Answer of Red Company reported total shareholders' equity of $500,000, which included a common share account balance of $200,000 (40,000 shares) at the end of 20X2. Compute the book value per common share assuming the company had only common shares. The book value per common share was $________.

Red Company Reported Total Shareholders' Equity of $500,000, Which Included