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Question - Paul Company had 100.000 shares of common stock outstanding on January 1, 2016. On September 30, 2016, Paul sold 38.000 shares of common stock for cash. Paul also had 5.000 shares of convertible preferred stock outstanding throughout 2016. The preferred stock is $100 par. 5%, and is convertible Into 3 shares of common for each share of preferred. Paul also had 400. 7%. convertible bonds outstanding throughout 2016 Each $1.000 bond is convertible into 30 shares of common stock The bonds sold originally at face value Reported net income for 2016 was $200,000 with a 40% tax rate. Common shareholders received $1.00 per share dividends after preferred dividends were paid in 2016.
Required: Compute basic and diluted earnings per share for 2016.
Calculate depreciation for the years ending 30th June 2010 to 30 June 2014 using the units of production method and prepare general journal entries to record the purchase of the truck and depreciation.
jeter co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger.
you are the auditor of jexel an auto air conditioner service and repair company and you have decided to use the
Include citations for each of these companies' codes of conduct
the relationship among the board of directors top management and shareholders is referred to as a. corporate synergy b.
On January 1, 2011, Irwin Animation sold a truck to Peete Finance for $33,000 and immediately leased it back. The truck was carried on Irwin's books at $28,000.
On March 1, Maria purchased a new laptop computer for her business at a cost of $1,850. Maria also purchased a new laser printer/photocopier combination at a cost of $840 on the same date. In April, Maria purchased computer software to use in he..
crede inc. has two divisions. division a makes and sells student desks. division b manufactures and sells reading
the constraint at dalbey corporation is time on a particular machine. the company makes three products that use this
a sales invoice included the following information merchandise price 5000 freight 900 terms 110 neom fob shipping
Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its nonfree trade credit if it pays 120 days after the purchase? (Assume a 365-day year.) show your calculation.
Discuss how various stakeholders-internal and external-use information contained in the financial statements for decision making
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