Question : 78.Seville Corporation has net assets of $2,072,000 and paid-in capital : 1259449
78.Seville Corporation has net assets of $2,072,000 and paid-in capital of $700,000. The only stock issue consists of 74,000 outstanding shares of common stock. From this information, it can be deduced that the company has: A. Retained earnings of $2,072,000. B. A deficit of $2,072,000. C. A book value of $9.46 per share of common stock. D. A book value of $28 per share […]