Question: Select the INCORRECT statement regarding a company's book value. A ) Book value represents an accurate measure of the fair market value of the company.

Select the INCORRECT statement regarding a company's book value.
A)
Book value represents an accurate measure of the fair market value of the company.
B)
Book value per share may be derived by dividing the stockholders equity portion by the total number of common shares outstanding.
C)
Book value is determined by subtracting company liabilities from company assets.
D)
Different inventory accounting methods may yield a different value for company assets, thereby affecting the book value of the corporation.

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