For the Exxon Corporation: A. Look up the market value of Exxon stock as of the end
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For the Exxon Corporation:
A. Look up the market value of Exxon stock as of the end of the last year.
B. Find Exxon’s Form 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 natural resources might help explain this difference?
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Related Book For 
Introductory Accounting A Measurement Approach For Managers
ISBN: 9781138956216
1st Edition
Authors: Daniel P. Tinkelman
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