Question
. The following data were gathered from the annual report of OAR, Inc. Market price per share $ 48.00 Number of common shares 15,000 Preferred
. The following data were gathered from the annual report of OAR, Inc.
| Market price per share | $ 48.00 |
| Number of common shares | 15,000 |
| Preferred stock, 4% $100 par | $ 10,000 |
| Total Stockholders Equity | $255,000 |
I. The book value per share is:
| a. | $5.30 |
| b. | $16.33 |
| c. | $17.00 |
| d. | $24.50 |
| e. | $15.50 |
- II._____T or F Book value per share differs from market price per share. Market value measures the future potential of the firm and book value is based on historical values and financial reporting concepts reported in the income statement.
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Fundamental Financial Accounting Concepts Paperback By Edmonds Thomas P O
Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Jennifer Edmonds, Philip R. Olds
11th Edition
9781264266234, 1264266235
