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Compute the book value per share of the common stock

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Reference no: EM132560004

Question - The balance sheet of Wireless, Inc., reported the following:

Preferred stock, 9%, $20 par, 1,300 shares authorized, issued and outstanding = 00$2600

Common stock, no-par value, 12,000 shares authorized, 5,300 shares issued = 0200,000

Retained earnings = 0050,000

Total stockholders' equity = $276,000

Assume that wireless has paid preferred dividends for the current year and all prior years (no dividends in arrears).

Requirement - Compute the book value per share of the common stock.

Reference no: EM132560004

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