Issued nor retired common stock, Finance Basics

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Issued nor retired common stock

Hunter Manufacturing Inc.'s December 31, 2009 balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding. During 2010, Hunter had $250,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/10, assuming that Hunter neither issued nor retired any common stock during 2010?

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Finance Basics: Issued nor retired common stock

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Finance Basics: Issued nor retired common stock

Reference No:- TGS054527

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Issued nor retired common stock

Reference No:- TGS054527

Recent Questions Asked Finance Basics

Q : Find only exchange ratio that can prevail in any equilibrium

Q : Average sensitivity to the state of the economy

Q : Employees after the entry to record the payroll

Q : What improvements have you seen in your writing

Q : Issued nor retired common stock

Q : What was the approximate nominal interest rate

Q : Oral report for a speech class

Q : Revision: benefits and challenges

Q : What is the taxpayer''s recognized loss on the sale

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