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Use the table for the question(s) below.
Consider the following balance sheet:
-If in 2012 Luther has 10.2 million shares outstanding and these shares are trading at $16 per share, then what is Luther's Enterprise Value?
Carrying Amount
The net value of an asset or liability as presented on the balance sheet, accounting for factors like depreciation or amortization where applicable.
Accrual Basis
Accrual Basis is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.
Expenses Recognized
Costs that have been incurred in an accounting period and are matched with revenues in the same period, affecting a company's income statement.
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