For Google Corp.:

A. Look up the market value of its common stock as of the end of the last year.

B. Find its 10-K, and compute the “book value” of the outstanding shares.

To do this, divide the shareholder’s equity by the number of shares outstanding.

C. Which is larger, the market or the book value?

D. What factors in the accounting for intangible assets might help explain this difference?

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