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Vsevolod [243]
3 years ago
7

Chester's balance sheet has $105,038,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and als

o expecting to issue $4,000,000 in new stock. If there are no dividends paid what will beChester's book value?
Business
1 answer:
charle [14.2K]3 years ago
3 0

Answer:

The answer is $112,038,000

Explanation:

The total equity will be equity brought forward, the net income(retained earnings) and the newly issued shares.

Book value equals asset minus liability which this formula is the same as equity. So in order words book value is also the same as total equity.

Therefore, the book value is:

$105,038,000 + 3,000,000 + $4,000,000

= $112,038,000

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Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

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The translation adjustment is a function of the foreign subsidiary's net assets.

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Answer:

$13,725

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Answer:

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