Shown below is information relating to the stockholders' equity of Grant Corporation at December 31,...
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Accounting
Shown below is information relating to the stockholders' equity of Grant Corporation at December 31, Year 1. 6\% cumulative preferred stock, $10 par value; authorized, 10,060 shares; issued and outstanding, 6,000 shares Commonstock,$3parvalue;authorized,500,000shares;issuedandoutstanding,300,000sharesAdditionalpaid-incapital:preferredstockAdditionalpaid-incapital:commonstockRetainedearnings$600,080$900,000$69,000$1,909,000$1,090,000 Dividends have been declared and paid for Year 1 The book value per share of common stock is
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