When a Company Has Both Common Stock and Preferred Stock

When a company has both common stock and preferred stock, the book value per share of common stock is calculated by:

A) dividing the amount in the common stock account by the number of shares of common stock outstanding.
B) dividing the amount in the common stock account by the sum of the number of shares of common stock and preferred stock outstanding.
C) dividing total stockholders' equity less preferred equity by the number of shares of common stock outstanding.
D) dividing total stockholders' equity by the number of shares of common stock outstanding.