At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding
Based on this information, Tangshan's book value per share of common stock is ________.
A) $105
B) $10.50
C) $15
D) $150
C
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Indicate whether this statement is true or false.
A newly formed country in the Caribbean has no high tariffs, yet other countries find it difficult to trade with the new country because of its requirements for labeling, product testing, and certifications. These restrictions can best be classified as
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