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Question 1) During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 6% preferred stock. For 2017, Alpha Corporation had $230,000 net income and dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings (loss) per share for income (loss) from continuing operations. If it is a loss EPS then present the value in brackets.
Question 2) Alpha Corporation started the 2017 fiscal year with 100,000 shares common stock outstanding. On April 1 an additional 30,000 shares were issued. On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock outstanding for the 2017 fiscal year?
Record the investment by Paladium in Seminary using the Equity Method of Accounting.Make a journal entry on the books of Paladium to record the net asset
This schedule shows that $60,000 will be depreciated for a particular calendar year. Show calculations to determine for what particular year the depreciation amount for this asset will be $60,000.
Refinancing of Short-Term Debt Andretti Inc. issued $10,000,000 of short-term commercial paper during the year 2010 to finance construction of a plant.
For purposes of external reporting, not-for-pro?ts-unlike governments in their governmental funds-do not distinguish between plant and other types of resources. In 2014, the Northwest Ballet Association (NBA), a not-for-pro?t performing arts or..
Sometimes, official government reserves are singled out in the balance of payments accounts. For example, when China buys U.S. financial assets.
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logan corporation issued 800000 of 8 bonds on october 1 2006 due on october 1 2011. the interest is to be paid twice a
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wood-mode company is involved in the design manufacture and installation of various types of wood products for large
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How will a partner's distributive share be determined if the partner sells one half of his or hers beginning of the year partnership interest
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