Compute the price per share and the book value per share if, Ask an Expert

Accounting

Founder of Striking Products, inc, discovered a approach to turn lead onto gold and patented this new technology. She then formed the corporation and invested $200,000 in setting up the production plant. She supposes that she could sell her patent for $50 million.

1) Compute the book value and market value of a company.

2) Compute the price per share and the book value per share if there are 2 million shares of stock in the new corporation.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M99693

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