Lemmon Inc

question 101

Multiple Choice

Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $140. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $16.50. Current liabilities book and market values stand at $12 and the firm's long-term debt is $40. Calculate the market value of the firm's stockholders' equity.

• A) $156.50
• B) $112.50
• C) $104.50
• D) $144.50

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Definitions:

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A fundamental principle or rule that forms the foundation of a system of beliefs, behavior, or reasoning, often referring to the essential laws of a scientific discipline.

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The natural science that studies matter, its motion and behavior through space and time, and the related entities of energy and force.

Like Charges

Charges that are the same (either both positive or both negative) and repel each other according to Coulomb's law.

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Charges that have different electrical signs, one positive and one negative, which attract each other.