Which of the following statements is true for a corporation with $1 million market value of equity, $2 million market value of assets, and 1,000 shares of outstanding stock Multiple Choice Book value per share equals $1,000 Market value of liabilities equals $1 million Market value of liabilities exceeds book value of liabilities Market value per share equals $2,000

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Which of the following statements is true for a corporation with $1 million market value of equity, $2 million market value of assets, and 1,000

Which of the following statements is true for a corporation with $1 million market value of equity, $2 million market value of assets, and 1,000 shares of outstanding stock?

Multiple Choice

Book value per share equals $1,000.
Market value of liabilities equals $1 million.
Market value of liabilities exceeds book value of liabilities.
Market value per share equals $2,000.

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