Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 A company has the following Equity section in its Balance Sheet at 12/31/20: Common Stock (51,000 shares outstanding) Retained Earnings $300,000 $1,500,000 Total

image text in transcribed
QUESTION 1 A company has the following Equity section in its Balance Sheet at 12/31/20: Common Stock (51,000 shares outstanding) Retained Earnings $300,000 $1,500,000 Total Equity $1,800,000 If the market value is $100 per share at 12/31/20, What is the Market Capitalization ("Market Cap") at 12/31/20? QUESTION 2 Select the best statement in regards to the company A. The fair market value per share of this company is higher than the book value per share of the company at 12/31/2020 B. The fair market value per share of this company is lower than the book value per share of the company at 12/31/2020 C. The fair market value per share of this companyis the same as the book value per share of the company at 12/31/2020 D. The company's book value is $1,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Full Guide To Bitcoin Investment

Authors: J.b. Yupangco

1st Edition

8389911302, 978-8389911308

More Books

Students also viewed these Finance questions