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NEW QUESTION: 1

A. 1, 2, 7, 5, 3, 6
B. 2, 4, 5, 3, 6
C. 1, 2, 4, 6, 3
D. 2, 7, 5, 3
E. 2, 6, 4, 5, 3
Answer: B

NEW QUESTION: 2
In Waiver principle according to Common law, an offer is presumed revocable unless stated otherwise.
A. True
B. False
Answer: B

NEW QUESTION: 3
Calculate the book value per share of Quality, Inc.'s common stock, given the following information. Par value of common stock, $2.5 per share; total assets, $19,100,000; retained earnings, $7,375,000; total liabilities, $6,975,000; number of common shares outstanding, 1,250,000; number of preferred sharesoutstanding, 15,000 at $100 par value. Market value of common stock, $24.25. Market value of preferred stock, $106.50.
A. $9.38
B. $8.50
C. $15.28
D. None of these answers
E. $3.80
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The book value of the firm's common stock is $8.50 which is calculated as follows: total assets of
$19,100,000, minus total liabilities of $6,975,000, minus, preferred stock outstanding of $1,500,000 (15,000 X $100), divided by the number of common shares outstanding of 1,250,000.