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Strauch Co. has one class of common stock outstanding and no other securities that are potentially convertible into common stock. During 2010, 100,000 shares of common stock were outstanding. In 2011, two distributions of additional common shares occurred: On April 1, 20,000 shares of treasury stock were sold, and on July 1, a 2-for-1 stock split was issued. Net income was $410,000 in 2011 and $350,000 in 2010. What amounts should Strauch report as basic earnings per share in its 2011 and 2010 comparative income statements?
Bouchard Company's stock sells for $20 per share, its last dividend was $1.00, and its growth rate is a constant 6%. What is its required rate of return?
Compute the amount of gross profit to be recognized each year, assuming the percentage-of completion method is used and prepare all necessary journal entries for 2013.
Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of $47 million (underfunded pension plan).
The following transactions were completed by the company. Enter the impact of each transaction on individual items of the accounting equation.
Assess how closely the company adheres to the Ingram-Lee model in absolute and relative terms: If income increases, does cash flow increase at a lesser rate? Does investing have net outflows and financing have net cash inflows?
Prepare the trial balance for Richards grocery as at 30th april 2014 - Journalise, post to ledgers, balance of accounts, prepare trial balance.
question 1on july 1 200x you enter into a note payable of 200000 with a 5 annual interest rate. your interest expense
Calculate the cash flows for the new crystal jewelry project given the same assumptions in part 2 but considering a 3 year option
Indicate whether the following statements are true or false: The tax law includes a penalty for writing a“bad”check in payment of the taxpayer’s tax liability. The statute of limitations for a tax return is normally 4 years.
Which of the following is the correct order of the sections on a statement of cash flows? Guit Comp budgeted 10,000 pounds of direct materials costing $21.50 per pound to make 5,000 units of product. The company actually used 10,200 pounds of direct ..
The Herbolt Company is considering a new line of business. Starting the business will require an initial investment in equipment of $304,000
Annie Rasmussen is the owner and operator of Go44, a motivational consulting An organization in which basic resources (inputs), such as materials and labor, are assembled and processed to provide goods or services (outputs) to customers.business. Usi..
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