Answer:
Book value per common share is the amount that would be paid to stockholders if the company was sold to another company.
Explanation:
Book value per common share is a process by which the per-share value of the company is calculated. The calculation is done based on the common equity of the shareholders of the company. In case when the company dissolves, the book value per common share helps in the calculation of the value of the assets left for the shareholders after the payment of the debtors and after the liquidation of the assets.
C. A student must complete the FAFSA before the deadline to be religionless for federal grants
Answer:
Retained earnings would be debited and inventory would be credited for $10 million each.
Explanation:
In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.
This is an overstatement of assets of the company.
This also gives an understatement of the retained earnings of the company.
Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.
Answer:
C) 8.75%
Explanation:
Number of periods = 4 years
Given return rates = 20%, -10%, 20%, and 5%
To obtain the arithmetic average annual return, add the return rates given for all periods and divide the sum by the number of periods.
Over four years, the S&P 500 index delivered an arithmetic average annual return of 8.75%.
