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Question - Metro, Inc. had 50,000 shares of common stock outstanding and 3,000 shares of 7%, $50 par, cumulative preferred stock (non-convertible) at January 1, 20x1. On March 31, 20x1, an additional 12,000 shares were sold for $50. On May 31, Metro purchased 2,000 shares of common stock on the open market as treasury stock paying $40 per share. Metro also had $600,000 of 5% convertible bonds outstanding throughout the year. The bonds are convertible into 25,000 shares of common stock. Net income for the year was $150,000. The tax rate is 40%. Compute basic and diluted earnings per share for the year ended December 31, 20x1.
Determine the year's total warranty liability and journalize any necessary value to establish the year's liability at December 31st.
your hospital has been approached by a major hmo to perform all their ms-drg 470 cases major joint procedures. they
1.all of gaylord companys sales are on account. thirty-five percent of the credit sales are collected in the month of
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On the same date, Alison Ltd Acquired all 200,000 of the issued fully paid $1 shares in King Ltd, Prepare a Balance Sheet for Alison Ltd after the combination
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The interest rate on your car loan is 20 percent and the inflation rate is 19 percent or the interest rate on your car loan is 5 percent and the inflation rate is 2 percent? Briefly explain.
Prepare the journal entries to record the payment of interest on January. Prepare the journal entries to record the accrual of interest on December 31, 2014.
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