Which One of the Following Statements Is Typically Correct for a Going-Concern

question 37

Multiple Choice

Which one of the following statements is typically correct for a going-concern firm?

• A) Book value of equity exceeds market value of equity.
• B) Market value of equity exceeds book value of equity.
• C) Book value of equity equals market value of equity.
• D) No typical relationship exists between book and market values of equity.

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