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sesenic [268]
3 years ago
10

Chester's balance sheet has $86,386,000 in equity. If next year, assets decrease by $4,000,000 and liabilities increase by $2,00

0,000, what will be Chester's book value? Select: 1Save Answer $80,386,000 $84,386,000 $88,386,000 $31,097,000
Business
1 answer:
DaniilM [7]3 years ago
6 0

Answer:

$88,386,000

Explanation:

The computation of the chester book value is shown below:

= Equity balance + decrease in assets in the next year - increased in liabilities for the next year

where,

Equity balance is $86,386,000

Decrease in assets is $4,000,000

Increased in liabilities $2,000,000

Now place these values to the above formula

So, the book value is

= $86,386,000 + $4,000,000 - $2,000,000

= $88,386,000

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