All the Statements Concerning Net Tangible Asset Backing (NTAB)per Share $\bold{except:}$

All the statements concerning net tangible asset backing (NTAB) per share are true, $\bold{except:}$

A) intangible assets such as goodwill are excluded from the calculation
B) it calculates the cash that would be available to each shareholder if the company was liquidated.
C) the difference between NTAB and the market price of the share is an indication of the market's assessment of the entity's future growth prospects.
D) it is calculated as ordinary shareholders' equity less intangible assets divided by number of ordinary shares on issue at year-end.