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Home Q & A Board Other Fields Homework Help Business Accounting
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mregueral mregueral
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9 months ago

Linzey Corporation has provided the following data:

Year 2Year 1
Common stock, $2 par value$ 120,000$ 120,000
Retained earnings$ 747,000$ 720,000
Total stockholders' equity$ 927,000$ 900,000

The company’s net income in Year 2 was $33,000. The company’s book value per share at the end of Year 2 is closest to:



▸ $22.45 per share

▸ $12.45 per share

▸ $0.55 per share

▸ $15.45 per share
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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daoneandonly300daoneandonly300
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