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Crystal Arts, Inc., had earnings of $451,500 for 2016. The company had 45,000 shares of common stock outstanding during the year. In addition, the company issued 3,000 shares of $50 par value preferred stock on January 3, 2016. The preferred stock has a dividend of $8 per share. There were no transactions in either common or preferred stock during 2016. Determine the basic earnings per share for Crystal Arts. Round answer to two decimal places.
What would be the result of a credit to these accounts?
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Explain why do you think the IRS has put limitations on the amounts we can contribute to these qualified plans? Please discuss and give examples.
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the following information was provided by the treasurer of suretthe following information was provided by the treasurer
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direct labor $70,000, manufacturing overhead $35,000, selling and administrative expenses $45,000; and purchase of securities $14,000. Aaron wants to maintain a balance of at least $25,000 cash at the end of each quarter. For first quarter p ..
Compute the rate of depreciation per year to be applied to the plant assets under the composite method. Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Prepare the entry to record the sale of asset D ..
After preparing a preliminary version of its financial statements, a company found that it made a mistake in computing bad debt expense on the books. The company needed to reduce Bad Debt Expense on its books by $100,000.
Dell reported net sales of $12,064 million and average accounts receivable of $1,040 million. Its accounts receivable turnover is:
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