If Total Stockholders' Equity Is $160,000 with 13,000 Common Shares

question 16

Multiple Choice

If total stockholders' equity is $160,000 with 13,000 common shares outstanding, what is the book value per share of common stock? (Assume no preferred stock is outstanding. Round your answer to the nearest cent.)

• A) $15.31
• B) $36.92
• C) $12.31
• D) $9.31

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Definitions:

Habituation

A decrease in response to a stimulus after repeated exposure, indicating a basic form of learning or adaptation.

Repeated Stimulation

The process of continuously or frequently exposing someone or something to a particular stimulus to induce a reaction or to study changes over time.

Reflex

An automatic and involuntary response to a specific stimulus without conscious thought.

Sensory Stimulus

Any object or event that is perceived by the senses, producing a response in the sensory organs and nervous system.