Multiple Choice
Which of the following statements is true for a corporation with $1 million market value of equity,$2 million market value of assets,and 1,000 shares of outstanding stock?
A) Market value of liabilities exceeds book value of liabilities.
B) Market value of liabilities equals $1 million.
C) Book value per share equals $1,000.
D) Market value per share equals $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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