Nova Components is a manufacturer of computer parts. The company has a book value of $2,417,762. In addition the company has 402,500 common shares issued and outstanding. Nova Components is part of the computing industry which has an industry PB ratio of 6.10. Using industry information, estimate the intrinsic value of Nova Components equity per share?

Select one:

a. $12.11

b. None of the above

c. $6.01

d. $36.64

2)

Which one of the following items is not a component of contributed capital?

Select one:

A. Preferred stock

B. Retained earnings

C. Common stock

D. Additional paid-in capital

E. All of the above

3)

Under the pre-2019 accounting standards, GAAP identifies two different approaches in the reporting of leases by the lessee: capital and operating. Which of the following best describes the effects of leasing on the financial statements of the lessee?

Select one:

A.

Lease Type	Assets	Liabilities	Expenses
Operating	Increased	Increased	Depreciation and Interest

B.

Lease Type	Assets	Liabilities	Expenses
Capital	Increased	Increased	Rent

C.

Lease Type	Assets	Liabilities	Expenses
Operating	None	None	Rent

D.

Lease Type	Assets	Liabilities	Expenses
Capital	None	None	Rent

E.

Lease Type	Assets	Liabilities	Expenses
Operating	None	None	Depreciation and Interest

4)

Which of the following should not be included in accumulated other comprehensive income?

Select one:

A. Minimum pension liability

B. Currency translation adjustment

C. Gains and losses on derivatives and hedges

D. Unrealized gains and losses on trading securities

E. None of the above