The shareholders' equity section of the balance sheet for Vivitas Stevia Corporation is shown below: Share capital:
Preferred shares, 10,000 shares authorized,
7,000 shares issued of $3.50 preferred,
Common shares, 50,000 shares authorized,
Assume there are 2 years' dividends in arrears on the preferred shares, including the current year. the book value per share for Vivitas Stevia common shares is:
A) $21.61
B) $25.50
C) $26.47
D) $26.67
Correct Answer:
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