Mega Computer's Financial Statements Show 1000 Shares of Common Stock

question 124

Short Answer

Mega Computer's financial statements show 1000 shares of common stock with a par value of $10 000, retained earnings of $20 000, additional paid in capital of $10 000, and long-term debt of $30 000. What is the book value of a share of stock?
$70.00
$10.00
$40.00
$30.00
$50.00

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Definitions:

Performance Characteristic

Features or aspects of a product or service that determine its ability to meet its intended function or user requirements.

Product

An item or service that is created, manufactured, or refined for sale.

Want

A desire for something that isn't essential but is desired for satisfaction or fulfillment.

Need

A requirement essential to someone's well-being or the success of a task or objective.