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QS 11-24 Book value per common share LO A4 The stockholders' equity section of Montel...

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Accounting

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QS 11-24 Book value per common share LO A4 The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. $ 100,000 Preferred stock-51 cumulative, $10 par value, 10,000 shares authorized, issued and outstanding Common stock-$5 par value, 200,000 shares authorized, 150,000 shares issued and outstanding Retained earnings Total stockholders' equity 750,000 960,000 $1,810,000 Determine the book value per share of the common stock. Choose Numerator: Book Value Per Common Share Choose Denominator Book Value Per Common Share Book Value Per Common Share

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