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kristen299 kristen299
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9 months ago

Recher Corporation’s common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company’s balance sheet for several years. The total stockholders’ equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.

The company’s book value per share at the end of the year is closest to:



▸ $11.37 per share

▸ $7.37 per share

▸ $0.19 per share

▸ $16.81 per share
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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LaceyCGibsonLaceyCGibson
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kristen299 Author
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9 months ago
Thanks for your help!!
smdavis
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Yesterday
Brilliant ツ
patod1
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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