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On January 1, 2010, Tuscany Corporation purchased 1,000 shares of treasury stock. Other information regarding Tuscany Corporation is provided below.
2009
2010
Net income
$200,000
$210,000
Dividends on preferred stock
$30,000
Dividends on common stock
$20,000
$25,000
Weighted average number of common shares outstanding
10,000
9,000
Common stockholders' equity beginning of year
$600,000
$750,000
Common stockholders' equity end of year
$830,000
Compute (a) return on common stockholders' equity for each year and (b) earnings per share for each year, and (c) discuss the changes in each.
You are to research for an event (NOT BP-Gulf of Mexico or Exxon Valdez as they are likely to be discussed with you) where a company created a situation where their legitimacy was compromised.
multiple choice question based on share valuation.1.nbspthe entry to record the issuance of 1000 shares of 1 par value
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Expected revenues and expenses for the first year of operations
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