Which of the Following Is the Best Example of How

Multiple Choice

Which of the following is the best example of how a market-value balance sheet item differs from the firm's book-value balance sheet item?

A) A firm issued long-term bonds five-years ago that currently sell for par value.
B) A firm sold common stock twenty-years ago for $20.00 share. The firm's common stock is currently selling for $96.50 per share.
C) A firm has $5 million of accrued liabilities on the books.
D) A firm issued preferred stock ten-years ago. These shares of preferred stock currently are selling for par value.