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The Storehouse Limited (TSL) started in 2019 with a public issue of 3 million shares on the NZX, initially issued at $2.00 per share. TSL raised another issue in 2020 by issuing 4.5 million new shares at an issue price of $2.80 each. TSL’s shares currently trade at $8.00 per share. The book value of TSL’s total equity (as shown on its 2021 Balance Sheet) is________, and the market value of TSL’s equity is________. Choose the correct answer: $18,600,000, $60,000,000 $12,600,000, $36,000,000 $6,000,000, $24,000,000 $18,000,000, $60,000,000

The Storehouse Limited (TSL) started in 2019 with a public issue of 3 million shares on the NZX, initially issued at $2.00 per share. TSL raised another issue in 2020 by issuing 4.5 million new shares at an issue price of $2.80 each. TSL’s shares currently trade at $8.00 per share. The book value of TSL’s total equity (as shown on its 2021 Balance Sheet) is________, and the market value of TSL’s equity is________. Choose the correct answer: $18,600,000, $60,000,000 $12,600,000, $36,000,000 $6,000,000, $24,000,000 $18,000,000, $60,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The Storehouse Limited (TSL) started in 2019 with a public issue of 3 million shares on the NZX, initially issued at $2.00 per share. TSL raised another issue in 2020 by issuing 4.5 million new shares at an issue price of $2.80 each. TSL’s shares currently trade at $8.00 per share. The book value of TSL’s total equity (as shown on its 2021 Balance Sheet) is________, and the market value of TSL’s equity is________.

Choose the correct answer:

  • $18,600,000, $60,000,000
  • $12,600,000, $36,000,000
  • $6,000,000, $24,000,000
  • $18,000,000, $60,000,000
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