EBK SOUTH-WESTERN FEDERAL TAXATION 2019
42nd Edition
ISBN: 9781337671927
Author: Raabe
Publisher: Cengage Learning
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A firm has a market value equal to ns book value Currently, the firm has excess cash of s800, other assets of $5.200, and equity of $6.000 The firm has 600 shares of stock outstanding and a net income of $500. The firm has decided to spend half of its excess cash on a share repurchase program How many shares of stock we be outstanding after the stock repurchase is completed? Please show me how to solve this financial accounting problem using valid calculation techniques.
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