Question

Assume that a firm had shareholders' equity on the balance sheet at a book value of $1,600 at the end of 2010. during 2011 the firm earns net income of $1,300, pays dividends to shareholders of $600, and uses $300 to repurchase common shares. the book value of shareholders equity at the end of 2011 is:

Answer 1

The book value of Shareholders Equity as on 2011 is $ 1700