At year end, the tangshan china company balance sheet showed total assets of $60 million, total liabilities (including preferred stock) of $45 million, and 1,000,000 shares of common stock outstanding. based on this information, tangshan's book value per share of common stock is

The Tangshan's book value per share of common stock is $15

Explanation:

By applying the accounting equation, first we have to compute the value of total equity.

We know that,

Accounting equation is equals to

Total Assets = Total Liabilities + Total Equity

$60 million = $45 million + Total Equity

Total Equity = $60 million - $45 million = $15 million

Hence, total equity is $15 million.

Now the book value of per share of common stock is calculated by applying a formula which is shown below

= Total Equity ÷ Outstanding Shares

= $15,000,000 ÷  1,000,000

= $15

Thus, The Tangshan's book value per share of common stock is $15

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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