Granada Corporation has net assets of ₦600,000 and contributed capital of ₦180,000. The corporation has 30,000 shares of common stock outstanding with no preferred stock. This suggest that the corporation has?
A) a book value of ₦14 per share
B) a book value of ₦20 per share
C) a deficit of ₦420,000
D) retained earnings of ₦600,000
The correct option is B
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