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On January 2, 2015, Worth Co. issued at par $1,000,000 of 7% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds were converted during 2015. Worth had 200,000 shares of common stock outstanding during 2015. Worth's 2015 net income was $450,000 and the income tax rate was 30%. Worth's earnings per share for 2015 would be (rounded to the nearest penny):
A.$2.08.B. $2.25.C. $2.36.
Novak Company uses a periodic inventory stsyem. Compute the April 30 invenotry and the April cost of goods sold using the FIFO method
porta light manufactures a high-quality led flashlight for homeoffice use. data pertaining to the companys 2010
equipment costing 40000 with a salvage value of 8000 and an estimated life of 8 years has been depreciated using the
Discuss the inherent risk factors in the revenue process and how they should be addressed by the auditors
toms wife dina owns a printing business in town. tom works in the accounts payable department of jiffy lube company.
Discuss whether you feel the lower of cost or market rule (LCM) is a conservative method or not. Support your argument with points incorporating the conceptual framework or your textbook.
kingdom leasing inc. agrees to lease jousting equipment to knight inc. on jan 1 2012. they agree on the following
in light of the full disclosure principle investors and creditors need to know the balance for assets liabilities and
Select an organization that would benefit from a new focus on creativity and innovation.
Record construction costs of 1800000 on construction in process to date. Record progress billings of $ 1000000. Record the recognition of profit that can be recognized to date, on a percentage of completion basis.
archware systems has total assets of 35.594 billion total debt of 9.678 billion and net sales of 23.370 billion. their
If you owned stock in a company and you heard the company was about to buy back its own stock (Treasury Stock), would you view this as a positive or negative event
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