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aryaelfkind aryaelfkind
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9 months ago
Sabino Corporation’s total common stock was $500,000 at the end of both Year 2 and Year 1. The par value of common stock is $5 per share. The company’s total stockholders’ equity at the end of Year 2 amounted to $1,125,000 and at the end of Year 1 to $1,090,000. The company’s total liabilities and stockholders’ equity at the end of Year 2 amounted to $1,581,000 and at the end of Year 1 to $1,540,000. The company’s retained earnings at the end of Year 2 amounted to $545,000 and at the end of Year 1 to $510,000. The company’s net income in Year 2 was $39,000. The company’s book value per share at the end of Year 2 is closest to:

▸ $0.39 per share

▸ $15.81 per share

▸ $11.25 per share

▸ $5.45 per share
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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kinnigitkinnigit
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aryaelfkind Author
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9 months ago
Good timing, thanks!
Lawson1981
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Yesterday
Thank you, thank you, thank you!
aznzergs
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2 hours ago
Correct Slight Smile TY
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