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Question - The Lalalu Corporation reported profit for 2022 of P177,500. Lalalu began the year with 100,000 shares of P5 par value ordinary shares outstanding and 2,500 shares of P100 par value 8% non cumulative preference shares outstanding. On December 31, Lalalu sold 10,000 shares of ordinary shares for P6 per share. Lalalu did not declare dividends to preference shareholders in December. If the preference shares is convertible into ten ordinary shares, determine the diluted earnings per share for 2022?
What is the after-tax return on the best investment alternative? (Assume the company chooses on the basis of after-tax returns.)
Open T accounts for each of the accounts listed in the trial balance, and enter the opening balances for 2010.
The debt-equity ratio for the XYZ REIT is 0.77 and the published value for the company's equity is $12.1 million. What is the company's total liability
Evaluating the voting process and certifying the outcome for Rolling Stone Magazine's "Greatest Singer of All Time" poll
Foreign wages (earned prior to returning to Australia) $65,000. What will Clive enter at Item M1, labels Vand W on the tax return
Provide the necessary journal entries that would be made in the books of XYZ Ltd to account for the above transaction for the year ending 30 June 2020
Income before income tax expense was $3,000,000, and income taxes were $1,200,000 for the current year. Determine times interest earned ratio
what is the maximum amount of foreign tax credit that a company will be allowed to take with respect to the income earned by a foreign operation?
Determine the price-earnings ratio and dividend yield for the three companies. Round ratios and percentages to one decimal place as appropriate
Select one of these costing methods and explore the various arguments. Determine whether you are "for" or "against" this selected method
What would you pay for a $205,000 debenture bond that matures in 15 years and pays interest of $10,250 a year if you want to yield 2% then 3% and 4%
Prepare a schedule of cost of goods sold.Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
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