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Accounting

1. 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. $150.
b. $105.
c. $10.50.
d. $15.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91755832

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