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Question - Pharoah Corporation had 108,000 common shares outstanding on December 31, 2019. During 2020, the company issued 13,000shares on March 1, retired 6,400 shares on July 1, issued a 20% stock dividend on October 1, and issued 19,500 shares on December 1. For 2020, the company reported net income of $432,000 after a loss from discontinued operations of $46,000 (net of tax). The company issued a 2-for-1 stock split on February 1, 2021, and the company's financial statements for the year ended December 31, 2020, were issued on February 28, 2021. Calculate earnings per share for 2020 as it should be reported to shareholders.
Indicate whether each of the following involves an upward or downward shift in the long-run average cost curve or, instead, involves a leftward or rightward movement along a given curve. Also indicate whether each will have an increasing, decreas..
The petty cash fund was replenished on May 10. The balance in the fund was $12. Prepare the journal entries to record the transactions related to petty cash
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hardigan manufacturing company reported the following year-end information beginning work in process inventory 80000
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