A Company Has 40,000 Shares of Common Stock Outstanding

question 159

Multiple Choice

A company has 40,000 shares of common stock outstanding.The stockholders' equity applicable to common shares is $470,000,and the par value per common share is $10.The book value per share is:

• A)$ 0.09.
• B)$ 1.75.
• C)$10.00.
• D)$11.75.
• E)$47.50.

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Definitions:

Binge Eating Disorder

An eating disorder marked by periods of uncontrolled, excessive eating, followed by feelings of shame or guilt.

Compensatory Behaviors

Actions undertaken to offset or make up for a perceived deficiency or problem, often seen in eating disorders.

Bulimia Nervosa

An eating disorder marked by episodes of binge eating followed by methods to prevent weight gain, such as excessive exercise or purging.

Pathological Changes

Alterations in body tissues and organs which can cause or are caused by disease.