Which of the following is the best example of how a market-value balance sheet item differs from the firm's book-value balance sheet item?
A) A firm issued long-term bonds five-years ago that currently sell for par value.
B) A firm sold common stock twenty-years ago for $20.00 a share. The firm's common stock is currently selling for $96.50 per share.
C) A firm has $5 million of accrued liabilities on the books.
D) A firm issued preferred stock ten-years ago. These shares of preferred stock currently are selling for par value.
Correct Answer:
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