问题如下图：
选项：
A. 
B. 
C. 
解释：
为什么equity不受到公司发行在外股票价格的影响？
股价高了，equity不是升高么
Olive_品职助教 · 2019年09月11日
同学你好，可以从会计恒等式的角度理解，equity=asset-liability，不同的资产和负债使用的计量方法可能会不同，有的是用历史价值入账，有的用fair value，equity作为二者之差，其实是mixed，其中的股本和股本溢价取决于发行时的面额和市价，retained earnings又取决于公司的盈利情况，股票发行之后在二级市场流通的价格不会再影响公司的equity了，影响的只是股票持有人口袋里的钱。举个简单的例子，公司发行了100万股股票，1元/股，筹集到了100万的资金，这个100万是进公司的账户里的，会增加equity，发行之后股票在二级市场上买卖，可能涨到了20元/股，涨的这个19元，不会再进入到公司的账户里，而是股票持有人的收益。加油
Serena · 2021年05月30日
可是还有一个疑问，通常股东套现的时候是以当时股价作为标准， 在套现之前的增值部分也是属于个人的不属于公司的对么？
Olive_品职助教 · 2021年05月30日
嗨，爱思考的PZer你好：
@Serena
“可是还有一个疑问，通常股东套现的时候是以当时股价作为标准， 在套现之前的增值部分也是属于个人的不属于公司的对么？”
还是我之前的回复，会计报表中的equity是个剩余项，是资产和负债轧差得出来的。会计上的权益=净资产，跟二级市场上的股票市值不是一回事。比如公司股价可能在一天之内大起大落，但公司的报表不会随着股价变化，公司的资产始终就是那些cash、AR、固定资产之类的东西，负债也都是合同规定好的价值，equity作为剩余项，不会受到股价的影响。
股东拿着股票或者套现变成现金，都是股东的财富，是股东自己手里财富形式的转变，套现之前股票增值也是股东自己个人财富的增值。
----------------------------------------------就算太阳没有迎着我们而来，我们正在朝着它而去，加油！
NO.PZ2016012101000119问题如下With regarto the ta below, whwoulthe most reasonable explanation of the financita?A.The cline in the company’s equity results from a cline in the market value of this company’s common shares.B.The €250 increase in the company’s from FY3 to FY5 incates thlenrs are viewing the company increasingly cretworthy.C.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, anor repurchasing shares.C is correct.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, or repurchasing shares. Recall thBeginning equity + New shares issuan– Shares repurchase+ Comprehensive income – vin = Enng equity. The book value of a company’s equity is not affectechanges in the market value of its common stock. increaseamount of lenng es not necessarily incate thlenrs view a company increasingly cretworthy. Cretworthiness is not evaluatebaseon how mua company hincreaseits but rather on its willingness anability to pits obligations. (Its financistrength is incateits solvency, liquity, profitability, efficiency, another aspects of cret analysis.)解析equity不受到公司发行在外股票价格的影响，A不对。公司借债的上升并不代表公司信誉的提高，看一个公司信用度怎么样是从它的还款能力和意愿来评判的，B不对。C说equity减少可能原因有公司有loss、支付分红比收益多，或者回购股票。根据BASE法则，期初equity+当期新发行股票-当期回购股票+收益-分红=期末equity。C所说的几个原因都是会影响equity的因素。NI 的增加会增加 RE，如有loss 应是反映在损益表的吧
NO.PZ2016012101000119问题如下With regarto the ta below, whwoulthe most reasonable explanation of the financita?A.The cline in the company’s equity results from a cline in the market value of this company’s common shares.B.The €250 increase in the company’s from FY3 to FY5 incates thlenrs are viewing the company increasingly cretworthy.C.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, anor repurchasing shares.C is correct.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, or repurchasing shares. Recall thBeginning equity + New shares issuan– Shares repurchase+ Comprehensive income – vin = Enng equity. The book value of a company’s equity is not affectechanges in the market value of its common stock. increaseamount of lenng es not necessarily incate thlenrs view a company increasingly cretworthy. Cretworthiness is not evaluatebaseon how mua company hincreaseits but rather on its willingness anability to pits obligations. (Its financistrength is incateits solvency, liquity, profitability, efficiency, another aspects of cret analysis.)解析equity不受到公司发行在外股票价格的影响，A不对。公司借债的上升并不代表公司信誉的提高，看一个公司信用度怎么样是从它的还款能力和意愿来评判的，B不对。C说equity减少可能原因有公司有loss、支付分红比收益多，或者回购股票。根据BASE法则，期初equity+当期新发行股票-当期回购股票+收益-分红=期末equity。C所说的几个原因都是会影响equity的因素。不懂為何paying vin 可以 greater thincome 再麻煩助教了謝謝
NO.PZ2016012101000119 问题如下 With regarto the ta below, whwoulthe most reasonable explanation of the financit A.The cline in the company’s equity results from a cline in the market value of this company’s common shares. B.The €250 increase in the company’s from FY3 to FY5 incates thlenrs are viewing the company increasingly cretworthy. C.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, anor repurchasing shares. C is correct.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, or repurchasing shares. Recall thBeginning equity + New shares issuan– Shares repurchase+ Comprehensive income – vin = Enng equity. The book value of a company’s equity is not affectechanges in the market value of its common stock. increaseamount of lenng es not necessarily incate thlenrs view a company increasingly cretworthy. Cretworthiness is not evaluatebaseon how mua company hincreaseits but rather on its willingness anability to pits obligations. (Its financistrength is incateits solvency, liquity, profitability, efficiency, another aspects of cret analysis.)解析equity不受到公司发行在外股票价格的影响，A不对。公司借债的上升并不代表公司信誉的提高，看一个公司信用度怎么样是从它的还款能力和意愿来评判的，B不对。C说equity减少可能原因有公司有loss、支付分红比收益多，或者回购股票。根据BASE法则，期初equity+当期新发行股票-当期回购股票+收益-分红=期末equity。C所说的几个原因都是会影响equity的因素。 vin是股东的利益折现吗？那应该也是equity啊
NO.PZ2016012101000119 问题如下 With regarto the ta below, whwoulthe most reasonable explanation of the financit A.The cline in the company’s equity results from a cline in the market value of this company’s common shares. B.The €250 increase in the company’s from FY3 to FY5 incates thlenrs are viewing the company increasingly cretworthy. C.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, anor repurchasing shares. C is correct.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, or repurchasing shares. Recall thBeginning equity + New shares issuan– Shares repurchase+ Comprehensive income – vin = Enng equity. The book value of a company’s equity is not affectechanges in the market value of its common stock. increaseamount of lenng es not necessarily incate thlenrs view a company increasingly cretworthy. Cretworthiness is not evaluatebaseon how mua company hincreaseits but rather on its willingness anability to pits obligations. (Its financistrength is incateits solvency, liquity, profitability, efficiency, another aspects of cret analysis.)解析equity不受到公司发行在外股票价格的影响，A不对。公司借债的上升并不代表公司信誉的提高，看一个公司信用度怎么样是从它的还款能力和意愿来评判的，B不对。C说equity减少可能原因有公司有loss、支付分红比收益多，或者回购股票。根据BASE法则，期初equity+当期新发行股票-当期回购股票+收益-分红=期末equity。C所说的几个原因都是会影响equity的因素。 这一点不是很理解，比如上市公司从市场上购回本公司发行的股票，equity的总数应该不会发生变化吧，只是股东结构会发生变化吧。
NO.PZ2016012101000119问题如下 With regarto the ta below, whwoulthe most reasonable explanation of the financita?A.The cline in the company’s equity results from a cline in the market value of this company’s common shares.B.The €250 increase in the company’s from FY3 to FY5 incates thlenrs are viewing the company increasingly cretworthy.C.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, anor repurchasing shares.C is correct.The cline in the company’s equity incates ththe company mincurring losses, paying vin greater thincome, or repurchasing shares. Recall thBeginning equity + New shares issuan– Shares repurchase+ Comprehensive income – vin = Enng equity. The book value of a company’s equity is not affectechanges in the market value of its common stock. increaseamount of lenng es not necessarily incate thlenrs view a company increasingly cretworthy. Cretworthiness is not evaluatebaseon how mua company hincreaseits but rather on its willingness anability to pits obligations. (Its financistrength is incateits solvency, liquity, profitability, efficiency, another aspects of cret analysis.)解析equity不受到公司发行在外股票价格的影响，A不对。公司借债的上升并不代表公司信誉的提高，看一个公司信用度怎么样是从它的还款能力和意愿来评判的，B不对。C说equity减少可能原因有公司有loss、支付分红比收益多，或者回购股票。根据BASE法则，期初equity+当期新发行股票-当期回购股票+收益-分红=期末equity。C所说的几个原因都是会影响equity的因素。是A不只是受发行在外的股价的影响吧？