Book value per share of common stock is: (Round to 2 decimal places. )

Question

Quizplus · Accepted Answer

To calculate book value per share of common stock, we need to divide the total common stockholders' equity by the number of common shares outstanding. Using the information provided in the question, the calculation would be:

Book value per share of common stock = (Common stockholders' equity / Number of common shares outstanding)
Book value per share of common stock = ($35,400,000 / 2,510,000)
Book value per share of common stock = $14.10

Therefore, the correct answer is B, $14.10.

Book Value Per Share of Common Stock Is: (Round to 2