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Question - Cullumber Corporation earned net income of $280,000 in 2020 and had 119,000 common shares outstanding throughout the year. Also outstanding all year was $830,000 of 10% bonds that are convertible into 35,000 common shares. Cullumber's tax rate is 25%. Calculate Cullumber's 2020 DILUTED earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately.
The previous tax year she had capital gain of $2,000 & $45,000 of ordinary income. How much capital gain or loss will Melissa show on her current year tax year
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Winfrey Co.'s March 31 inventory of raw materials is $ 150,0000. Raw materials purchases in April are $ 400,000, and factory payroll cost in April $220,000.
Pharmaceutical drugs and medicines sold by the hospital pharmacy amounted
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