The Whitehorse Bookshop Company has non-current assets with a book value of $8000 dollars and an appraised market value of $15 000.Net working capital is $5000 on the books,but if liquidated about $7000 would be realised.The company has recently issued 100 long-term maturity debentures with a face value of $100 each.Current market price of one debenture is equal to $100.What is the book value of the equity?
A) $3000
B) $5000
C) $12 000
D) $13 000
E) $10 000
Correct Answer:
Verified
Q1: Earnings per share represent:
A)the gross revenues of
Q2: Liquidity is best defined as:
A)the ability to
Q4: Long-term debt can be computed by:
A)adding net
Q5: Cash flow to creditors (debtholders)is defined as:
A)dividends
Q6: Westerman Inc.started the financial year 2009 with
Q7: Pollack Ltd had 10 million shares outstanding
Q8: The Whitehorse Bookshop Company has non-current assets
Q9: A tangible asset:
A)is defined as any asset
Q10: An intangible asset is:
A)a valuable fixed asset
Q11: Shareholders' equity can be defined as:
A)total assets
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