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Hunter Manufacturing Inc.'s December 31,2012,balance sheet showed total common equity of $2,050,000 and 100,000 shares of stock outstanding.During 2013,Hunter had $250,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/13,assuming that Hunter neither issued nor retired any common stock during 2013?
Comparative Purposes
For comparative purposes entails analyzing financial statements or other data side by side to discern trends, effects of strategies, or performance over time.
Depreciation Expense
A charge that reflects the cost of using fixed assets over their useful life.
Plant Assets
Durable assets with physical form, employed in running a company and not meant for resale.
Year Ended
The conclusion of a 12-month accounting period, at which financial statements are prepared.
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