Digby's balance sheet has $94,982,000 in equity. Further, the company is expecting net income of 3,000,000...
| Digby's balance sheet has $94,982,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beDigby's book value? | ||||||||
| Select: 1 | ||||||||
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Homework Answers
Computation of Closing Book value of Equity:
As we know,
Closing Book value of Equity = Opening Book value of Equity + Equity issued during the year + Net Income earned during the year - Dividend Paid
Therefore, Closing Book value of Equity = $94,982,000 + $4,000,000 + $3,000,000 - 0 = $101,982,000
Therefore, option d i.e. $101,982,000 is the correct answer.
Add Answer to:
Digby's balance sheet has $94,982,000 in equity. Further, the
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The Baldwin's balance sheet has $88,312,000 in equity. Further, the company is expecting $3,000,000 in net...
The
Baldwin's balance sheet has $88,312,000 in equity. Further, the
company is expecting $3,000,000 in net income next year. Assuming
no dividends are paid and no stock is issued, what would their Book
Value be next year?
Select: 1
$53.27
$22.71
$23.48
$8.48
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#13 and #15 plz!
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The
Baldwin's balance sheet has $88,312,000 in equity. Further, the
company is expecting $3,000,000 in net income next year. Assuming
no dividends are paid and no stock is issued, what would their Book
Value be next year?
Select: 1
$53.27
$22.71
$23.48
$8.48
Company Andrews Baldwin Chester Digby Close $195,46 $19.28 $107.32 $30.28 Change $90.79 3,75 $32.21 $10.17 Shares MarketCap (SM) Book Value 1,893,587 $370 $81.02 $75 3,889,135 22.71 $39.58 1,824,138 $196 3,034,114 $92. $22.00 EPS $29.08 $0.12 $13.11 $2.00...
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P15.14 Quasi-Reorganization The Hassani Corporation has the following balance sheet: LO 5 Current assets ................. Noncurrent assets .............. $ 500,000 4,000,000 ........ Current liabilities....... Long-term liabilities .... Common stock. ....... Retained earnings ....... Total liabilities and equity.... $ 400,000 2,800,000 2,500,000 (1,200,000) $4,500,000 Total assets ....... $4,500,000 Company profitability has been marginal, in part due to book values of noncurrent assets that do not ad- equately reflect the reduced earning power of the assets. To give its balance sheet a...
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#13 and #15 plz!
Ś 3,000,000 MW11#13: Martin Corporation - Partial Balance Sheet at December 31, 2010 Stockholders' Equity Paid-in Capital Common Stock, $5 par value, 750,00 shares authorized; ? _shares issued and ? shares outstanding Additional Paid-in Capital in excess of par value Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less: Treasury Stock (20,000 shares) Total Stockholders' Equity INSTRUCTIONS: ANSWER THE FOLLOWING QUESTIONS 1. How many shares of common stock are issued? 2. How many...
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