Question:

A corporation has asset of $12 million and liabilities of $4 million. ?

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There are 500,000 shares of stock outstanding. What is the book value per share for this corporation?

a. $32

b. $24

c. $16

d. $8

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  1. $16/share


  2. C. $16

    Assets + Liabilities + Owners Equity

    $12 million + $4 million plus X

    The value of 500,000 shares would be the equity of the company, so since x must equal $8 million, you take 500,000/ $8 million, which is $16 per share.

  3. $16 per share.

  4. C-$16

    12 million - 4 million = 8 million

    8 million / 500,000 = $16
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