Use the Figure for the Question(s)below

question 69

Multiple Choice

Use the figure for the question(s) below.
-Based on the information shown above,what would it cost to buy 1000 shares of the above stock?

• A)$91,110
• B)$91,300
• C)$91,320
• D)$91,650
• E)$91,350

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Definitions:

Common Stock

A form of financial security that denotes part ownership in a company and entails a stake in the company's earnings or deficits.

Separate Entity Assumption

An accounting principle that treats a company as an independent entity separate from its owners for reporting purposes.

Noncurrent Asset

A noncurrent asset is a long-term investment or property that a company does not expect to convert into cash within one year.