Multiple Choice
At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is ________.
A) $105
B) $10.50
C) $15
D) $150
Correct Answer:
Verified
Correct Answer:
Verified
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