Which of the following statements is true for a corporation with $1 million market value of equity, $2 million market value of assets, and 1,000 shares of outstanding stock?
A) market value of liabilities exceeds book value of liabilities.
B) market value of liabilities equals $1 million.
C) book value per share equals $1,000.
D) market value per share equals $2,000.
Correct Answer:
Verified
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