Market Value versus Book Value Ava's SpinBall Corp. lists fixed assets of $12 million on its balance
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Market Value versus Book Value Ava's SpinBall Corp. lists fixed assets of $12 million on its balance sheet. The firm's fixed assets have recently been appraised at $16 million. Ava's SpinBall Corp.'s bal- ance sheet also lists current assets at $5 million. Current assets were appraised at $6 million. Current liabilities' book and market values stand at $3 million and the firm's book and market values of long-term debt are $7 million. Calculate the book and market values of the firm's stockholders' equity. Construct the book value and market value bal- ance sheets for Ava's SpinBall Corp. (LG2)
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Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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