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) Market value per share equals $1,000
D) Market value per share equals $2,000
Correct Answer:
Verified
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