Question
. The following data were gatheredfrom the annual report of OAR, Inc. Market price per share $48.00 Number of common shares 15,000 Preferred stock, 4%
. The following data were gatheredfrom 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 frommarket price per share. Market value measures the future potentialof the firm and book value is based on historical values andfinancial reporting concepts reported in the income statement.
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
