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Fugate Company had 750,000 shares of common stock issued and outstanding at December 31, 2012. On July 1, 2013 an additional 750,000 shares were issued for cash. Fugate also had stock options outstanding at the beginning and end of 2013 which allow the holders to purchase 225,000 shares of common stock at $20 per share. The average market price of Fugate's common stock was $25 during 2013. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2013?
Identify one or more control procedures (either general or application controls, or both) that would guard against each of the following errors or problems.
During 2012, Lorraine sold the following assets: business equipment for a $8,000 loss, stock investment for a $10,000 loss, and her principal residence for a $26,000 loss. how much of these losses may Lorraine claim on her 2012 return?
Sue ask for you to prepare a well organized and formatted schedule showing what the variable manufacturing cost is as a percentage of total sales for each of the three product sales for 2007.
which of the following statements is not true relating to cash flow analysis a cash return on assets indicates the
According to the Financial Executives Institute, one function of the treasurer is _____.
Which of the following is true about accounts payable?
cruz company deposits all cash receipts on the day when they are received and it makes all cash payments by check. at
jan richards is in charge of the testing laboratory for southwest chemicals inc. she is investigating the possibility
prepare the journal entry to record each of the following independent transactions. use the number of the transaction
Problem: SO University's business program has the facilities to handle 2,000 students per semester. In an effort to limit class size to reasonable level (under 200).
Your write-up should be concise enough to allow me to see the answer without having to search but complete enough that I know you did the steps. Step One is important; if you skip ahead to Step Three it will show in your write-up.
Discuss the internal control weaknesses in the system using the six categories of physical control activities for your analysis.
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