ABC Corporation has assets that total $10 million and liabilities that total $2 million. It also has 500,000 shares of stock outstanding. What is the ABC's book value?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter23: Corporate Restructuring
Section: Chapter Questions
Problem 12P
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ABC Corporation has assets that total $10 million and liabilities that total $2 million. It also has 500,000 shares of stock outstanding. What is the ABC's book value?
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