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

question 21

Multiple Choice

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?

• A) $70.00
• B) $10.00
• C) $40.00
• D) $30.00
• E) $50.00

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