A corporation reports the following year-end stockholders' equity: Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.

Question

A corporation reports the following year-end stockholders' equity:  Determine the following:
(1) Par value for the preferred stock.
(2) Book value per share for both preferred stock and common stock assuming a call price per share of $52 for preferred and no dividends in arrears.

A Corporation Reports the Following Year-End Stockholders' Equity: Determine