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A Company Has 50,000 Shares of Common Stock Outstanding

Question 118

Multiple Choice

A company has 50,000 shares of common stock outstanding.The stockholders' equity applicable to common shares is $1,470,000,and the par value per common share is $5.The book value per share is:


A) $4.75.
B) $14.70.
C) $10.00.
D) $29.40.
E) $47.50.

Correct Answer:

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