Linzey Corporation has provided the following data: Year 2Year 1Common stock, $2 par value$120,000 $120,000 Retained earnings$747,000 $720,000 Total stockholders' equity$927,000 $900,000 The company's net income in Year 2 was $33,000. The company's book value per share at the end of Year 2 is closest to:
A. $12.45 per share
B. $0.55 per share
C. $22.45 per share
D. $15.45 per share
Answer: D
You might also like to view...
The term "chronological order" is best associated with:
a. a journal. b. a trial balance. c. credit entries. d. capital stock.
What are the choices available to companies when setting prices to avoid price escalation problems?
What will be an ideal response?
Scientific management is associated with which of the following:
a. upskilling b. deskilling c. reskilling d. multi-skilling
Merve has just witnessed her good friend steal from the company where they have worked for the past ten years. She is worried about saying something because she knows that her friend is going through a tough time and she does not want her to lose her job. On the other hand, she is worried abouther company going under, which would result in the loss of jobs for even more people. Merve is struggling with a/an
a. Social quandary b. Ethical dilemma c. Wicked problem d. Moral dilemmas