An income statement is financial statement

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1. An income statement is a financial statement that:

reports the cash flows of a firm as of a specified date.

reflects the firm’s assets and liabilities at a given point in time.

records the revenues and expenses for a firm over a period of time.

reflects the market value of a firm as of the statement date.

2. A company has total assets of $500,000 and total liabilities of $300,000. The firm has 20,000 shares of stock outstanding and a market-to-book ratio of 1. What is the market value per share of The stock?______

$10

$30

$50

$60

Reference no: EM131822506

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