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ABC Corporation Has Assets That Total $24 Million and Liabilities

Question 80

Multiple Choice

ABC Corporation has assets that total $24 million and liabilities that total $8 million.It also has 1,000,000 shares of stock outstanding.What is the ABC's book value per share?


A) $32
B) $24
C) $16
D) $8
E) $0

Correct Answer:

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