The Following Account Balances Have Been Provided for the End

The following account balances have been provided for the end of the most recent year:

$\begin{array}{lr}\text { Total assets }&\$150,000\\\text { Total stockholders' equity. }&\$120,000\\\text { Total common stock ( } 5,000 \text { shares }) &\$50,000\\\text { Total preferred stock }(1,000 \text { shares }) &\$10,000\end{array}$

The book value per share of common stock is:

A) $22
B) $25
C) $20
D) $28

Correct Answer:

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