Question 1: What is the difference between book value per share of common stock and market value per share? Why does this disparity occur?
Question 2: What is the difference between accumulated depreciation and depreciation expense? How are they related?
Question 3: Comment on why inflation may restrict the usefulness of the balance sheet as normally presented
Question 4: What are the three primary sections of the statement of cash flows? In what section would the payment of a cash dividend be shown?