Brown Fashions Inc

question 101

Multiple Choice

Brown Fashions Inc.'s December 31,2014,balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding.During 2014,the firm had $450,000 of net income,and it paid out $100,000 as dividends.What was the book value per share at 12/31/14,assuming no common stock was either issued or retired during 2014?

• A)$20.90
• B)$22.00
• C)$23.10
• D)$24.26
• E)$25.47

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Definitions:

Multiple Requests

The occurrence of several appeals or petitions being made simultaneously or in quick succession.

Goodwill Messages

Communications that are intended to foster positive relationships by expressing kindness, gratitude, or support.

Business Purpose

The business purpose defines the reason for the existence of a business or a business transaction, often guiding its goals, strategies, and operations.

Exaggerated

Describes something that has been presented in a way that makes it seem more significant or intense than it actually is.