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Crystal Arts, Inc., had earnings of $428,900 for 2014. The company had 50,000 shares of common stock outstanding during the year. In addition, the company issued 2,100 shares of $100 par value preferred stockon January 3, 2014. The preferred stock has a dividend of $9 per share. There were no transactions in either common or preferred stock during 2014.Determine the basic earnings per share for Crystal Arts. Round answer to two decimal places.
On March 17, Grady Company agrees to accept a 60-day, 9%, $10,200 note from Alert Company to extend the due date on an overdue account. What is the journal entry needed to record the payment of the note by Alert Company on the maturity date?
when service departments fixed costs are allocated using actual costs and actual usage the charge one production
1. working capital techniques focus specifically on what aspects of an organizations finances?2. what
spectrum book company has two divisions the brick and mortar division sells books through more than 100 bookstores
Larry Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following.
maxley markets company sells logo sports merchandise and does custom embroidery. they are trying to decide whether or
Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years.
Cal Ruther, an employer, is subject to FICA taxes but exempt from FUTA and SUTA taxes. During the last quarter of the year, his employees earned monthly wages of $8,500, all of which is taxable. The amount of federal income taxes withheld each mon..
A manual insertion process takes 30 minutes and eight pounds of material to produce a product. Automating the insertion process requires 15 minutes of machine time and 7.5 pounds of material. The cost per labor hour is $12, the cost per machine ho..
1) Olga is the proprietor of a small business. In 2014, the business's income, before consideration of any cost recovery or § 179 deduction, is $104,000.
According to the textbook author, potential investors need information that is: a) relevant and reliable. b) fair and future-oriented. c) accurate and truthful. d) audited and complete.
write a thorough discussion of the following capital expenditure valuation methods payback discounted payback net
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