Multiple Choice
Mega Computer's financial statements show 1000 shares of common stock with a par value of $10 000, retained earnings of $20 000, additional paid in capital of $10 000, and long-term debt of $30 000. What is the book value of a share of stock?
A) $70.00
B) $10.00
C) $40.00
D) $30.00
E) $50.00
Correct Answer:
Verified
Correct Answer:
Verified
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