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Calculate basic EPS, Ringemup, Inc. had net income of $473,400 for its fiscal year ended October 31, 2009. During the year the company had outstanding 38,000 shares of $4.50, $ 50 par value preferred stick and, 105,000, shares of common stock.
What are the basic earnings per share?
Tim is a real estate broker who specializes in commercial real estate. Although he uses buys and sells on behalf of others, he does maintain a portfolio of property of his own. He holds this property, mostly unimproved land, either for investment ..
Rose still owes half of the amount of its purchases to Haylay, but had sold all of the inventory it had acquired from Hayley by the end of the year. What the amount of consolidated cost of goods sold at end of the year?
question qtip corp. owns stock in maxey corp. the investment shows a 10 percent interest and qtip is unable to exercise
A shareholder, in an effort to persuade Vai to expand into that city, donated to the company a plot of land with an appraised value of $42,000.
Business combinations historically have been accounted for as either a purchase or a pooling of interests. Now, with SFAS 141(R), the acquisition method is required. Explain why did FASB change the rules? Did VIEs have a role in that decision?
If cost of goods manufactured is $960,000, evaluate what is the cost of ending work in process inventory?
The policy has a maturity value of $2,000,000. Matt dies first and the insurance proceeds are paid to Sandra. How much, if any, is included in Matt's gross estate?
Compute the companys total production cost per unit if 25,000 units had been produced and why might a manager of a company using absorption costing produce more units than can currently be sold?
Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. Explain how much does Sarah have to include in her gross income for 2011?
Prepare the journal entry to record the write-off. e) Repeat part (d) assuming that Lexington uses the direct write-off method instead of the allowance method in accounting for uncollectable accounts receivable.
Prepare the investing and financing activities sections of the statement of cash flows and prepare the operating activities section of the company's statement of cash flows
A company has $27 per unit in variable costs and $1,000,000 per year in fixed costs. Demand is estimated to be 100,000 units annually. What is the price if a markup of 40% on total cost is used to determine the price?
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