Goldsmith Corporation Has Provided the Following Data

question 195

Multiple Choice

Goldsmith Corporation has provided the following data:
The company's net income in Year 2 was $24,400.The company's book value per share at the end of Year 2 is closest to:

• A) $8.32 per share
• B) $4.66 per share
• C) $14.34 per share
• D) $0.27 per share

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Definitions:

Mutual Funds

Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.

Investment Charges

Fees and expenses associated with investing in various types of investment vehicles, like mutual funds or stocks.

Public Saving

The difference between a government's total revenue and its total expenditures, reflecting the surplus or deficit in the public sector's budget.

Private Saving

Private saving is the portion of households' and businesses' income that is not spent on consumption or paying taxes, and is instead saved for future use.