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At the end of this fiscal year, ABC Company's balance sheet showed $5,470,208 of long term debt, $1,000,000 of common stock account, and $2,569,250 of retained earnings. The company had no preferred stock outstanding, and the market value of its long-term debt was the same as its book value. The company had 104,639 shares of common stock with the end-of-year price of $45 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Round your answer to the nearest dollar, but ignore dollar sign. If your answer has a negative number, add '-' to your answer, e.g., xx,xxx or -xx,xxx. (Hint: MVA = MV of capital - BV of capital)

At the end of this fiscal year, ABC Company's balance sheet showed $5,470,208 of long term debt, $1,000,000 of common stock account, and $2,569,250 of retained earnings. The company had no preferred stock outstanding, and the market value of its long-term debt was the same as its book value. The company had 104,639 shares of common stock with the end-of-year price of $45 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year? Round your answer to the nearest dollar, but ignore dollar sign. If your answer has a negative number, add '-' to your answer, e.g., xx,xxx or -xx,xxx. (Hint: MVA = MV of capital - BV of capital)

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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At the end of this fiscal year, ABC Company's balance sheet showed $5,470,208 of long term debt, $1,000,000 of common stock account, and $2,569,250 of retained earnings. The company had no preferred stock outstanding, and the market value of its long-term debt was the same as its book value. The company had 104,639 shares of common stock with the end-of-year price of $45 per share. How much value (MVA) did ABC Company's management add to stockholders' wealth this year?  Round your answer to the nearest dollar, but ignore dollar sign.  If your answer has a negative number, add '-' to your answer, e.g., xx,xxx or -xx,xxx. (Hint: MVA = MV of capital - BV of capital)

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