?The book value per share of Topaz General Ltd. is $10 per share and the company has a total of 4 million shares. Calculate the total book value of common equity of the company.
A. ?$4 million
B. ?$10 million
C. ?$400 million
D. ?$40 million
E. ?$100 million
Answer: D
You might also like to view...
Which of the following contingencies is usually accrued?
A) risk of loss from fire B) expected proceeds from insurance settlement C) bad debts D) discovery of possible mineral reserves on company property
Which of the following statements is NOT correct?
a. The voucher system is used to improve control over cash disbursements. b. The sum of the paid vouchers represents the voucher payable liability of the firm. c. The voucher system permits the firm to consolidate payments of several invoices on one voucher. d. Many firms replace accounts payable with a voucher payable system.
Federal, state, and local governments enact regulations to ensure businesses are fair to each other as well as:
A. Ensure that businesses don't take advantage of consumers B. Ensure that no business dominates market share C. Make sure most businesses are well funded D. Create profits for themselves E. Ensure that consumers can't take advantage of businesses
In an assignment problem all supply and demand values equal are:
A) 0. B) 1. C) 2. D) greater than 1.