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Presented below is the information necessary to compute the net assets and book value per share of common stock for Ahora Advertising , Inc:
Common stock, $5 par, authorized 100,000 shares 450,000
8% cumulative preferred stock, $100 par(callable at $110) $300,000
Additional paid-in-capital 679,200
Retained earning 130,200
Dividends in arrears on preferred stock, 1 full year 24,000
Problem 1: Compute book value per share of common stock
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