Reservoir Bottling Co. reported the following information at the end of the year. Total current assets are worth $237,513 at book value and $219,344 at market value. In addition, plant and equipment have a market value of $343,222, and a book value of $362,145. The company’s total current liabilities are valued at market for $134,889 and have a book value of $129,175. Both the book value and the market value of long-term debt is $144,000. If the company’s total assets have a market value of $562,566 and a book value of $599,658, what is the difference between the book value and market value of its stockholders’ equity?
Reservoir Bottling Co. reported the following information at the end of the year. Total current assets are worth $237,513 at book value and $219,344 at market value. In addition, plant and equipment have a market value of $343,222, and a book value of $362,145. The company’s total current liabilities are valued at market for $134,889 and have a book value of $129,175. Both the book value and the market value of long-term debt is $144,000. If the company’s total assets have a market value of $562,566 and a book value of $599,658, what is the difference between the book value and market value of its stockholders’ equity?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Reservoir Bottling Co. reported the following information at the end of the year. Total current
assets are worth $237,513 at book value and $219,344 at market value. In addition, plant and
equipment have a market value of $343,222, and a book value of $362,145. The company’s
total current liabilities are valued at market for $134,889 and have a book value of $129,175.
Both the book value and the market value of long-term debt is $144,000. If the company’s total
assets have a market value of $562,566 and a book value of $599,658, what is the difference
between the book value and market value of its
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