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At year-end 2019, Lamar Company's balance sheet shows total assets of 10 million, total liabilities (including preferred stock) of 7 million, and 100,000 shares of
At year-end 2019, Lamar Company's balance sheet shows total assets of 10 million, total liabilities (including preferred stock) of 7 million, and 100,000 shares of common stock outstanding, Lamar Company found on investigation that it could obtain only 8 million if it sold its assets today, The firm's liquidation value per share therefore would be: Select one: a. 170 b. 10 O c. 30
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