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At the End of 20X2, Storage Company Reported 15,000 Outstanding

Question 40

Multiple Choice

At the end of 20X2, Storage Company reported 15,000 outstanding common shares. Total liabilities were $440,000 and total assets were $860,000. The company had no preferred shares. What was the book value per share of common share?


A) $13.90
B) $14.00
C) $28.00
D) $29.00

Correct Answer:

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