Answer:
$8.1 per share
Explanation:
The computation of the book value per share is shown below:
Book value per share = (Total equity - preference dividend) ÷ (number of shares)
= ($2,752,000 - $160,000) ÷ (320,000 shares)
= ($2,592,000) ÷ (320,000 shares)
= $8.1 per share
All other information which is given is not relevant. Hence, ignored it
Hey there,
A benefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. A proof of purchase is often needed in all of the following situations except: Equipment rental
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~Jurgen
</span>
Answer: A. is required to draw up a petition listing all assets and liabilities.
Explanation:
Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.
Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.
Answer:
The correct answer is letter "C": certification of false financial statements.
Explanation:
The Sarbanes-Oxley Act (SOX) is a statute that aims to increase corporate governance and enhance internal control of companies. SOX's primary purpose is to protect stakeholders from false corporate financial statement representations. Investors must know that the financial information on which they rely is accurate and that their accuracy has been checked by an independent third party.
<em>Altering, destroying, covering-up or falsifying information in the financial statements of a firm is considered a crime since the SOX implementation with a maximum sentence of 20 years.</em>
