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salantis [7]
3 years ago
14

Chester's balance sheet has $77,842,000 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 beChester's book value
Business
1 answer:
SashulF [63]3 years ago
8 0

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

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