At Year End, Tangshan China Company Balance Sheet Showed Total

question 48

Multiple Choice

At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. Based on this information, Tangshan's book value per share of common stock is ________.

• A) $105.00
• B) $10.50
• C) $15.00
• D) $150.00

Recognize the reasons behind the upward slope of the supply curve.

Examine the influence of external events on market equilibrium (disease discoveries, technological breakthroughs).

Understand the factors that lead to shifts in supply curves.

Identify the conditions that cause market shortages and surpluses.

---

Definitions:

Whistleblower

A person who exposes any kind of information or activity that is deemed illegal, unethical, or not correct within an organization.

Legal Violation

An act or omission that goes against the law, potentially leading to legal sanctions.

Encourage Ethical Behavior

Promoting actions and decision-making within an organization that align with moral and ethical principles.

Employment Relationships

The legal, social, and economic connection between employers and employees, encompassing rights, obligations, and expectations.