A company has 100,000 shares of common shares outstanding, total assets of $2,500,000, and total stockholders' equity of $1,400,000 . The book value per share of common stock is
a. $0.04; b. $0.07; c. $14.00; d. $25.00;
e. none of these
C
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SCOP in sustainable sales and operation planning stands for ______.
A. sustainable cost operations planning B. suitable cost operations planning C. sustainable carbon operations planning D. sales carbon operations planning
Janell has the sense of urgency and is legitimate but she does not have the power to influence. She is passionate and her passion usually attracts dominant stakeholders. Janell is an example of a:
a. dependent stakeholder b. dangerous stakeholder c. definitive stakeholder d. dominant stakeholder
Which of the following is true of internal control?
A) A company's outside auditor is responsible for the company's internal control system. B) One of the major purposes of internal control is to ensure that the assets are safeguarded. C) Internal control procedures tend to diminish the importance of operational efficiency. D) Internal controls are only necessary for public companies.
In CASE 22.1 SEC v. Texas Gulf Sulphur Co (1971) the question was whether a press release giving a misleading impression about the results of a drilling operation violated Rule 10b-5 . How did the court rule?
a. That the company acted only in response to rumors and had no obligation to set forth additional facts regarding the drilling operation, thereby negating any basis for Rule 10b-5 liability. b. That the company violated Rule 10b-5 by issuing the misleading press release. c. That a press release standing alone may not violate Rule 10b-5 and that the company could not be held liable because it made no actionable statements outside the press release. d. That the company could be held liable under Rule 10b-5 but only because it issued other statements in addition to the press release.