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Problem 1: Bernard Ltd. had 68,000 shares outstanding at the beginning of 2019 and then issued 7,000 on May 1, 2019 and another 13,000 on September 30, 2019. Bernard's after tax net income from continuing operations is $135,000 and it reported total net Income of $120,000. Show how EPS would be presented at the bottom of the financial statements for the year ended December 31, 2019.
A total of 12,000 direct labor hours were required last year to build 6,000 cell phones. Calculate the direct materials cost and direct labor cost per unit
List 5 format differences in the company's balance sheets. Note any terminology differences that exist between the two companies' income statements and balance sheets.
What assumptions are inherent in cost volume-profit analysis? Since these assumptions are usually not wholly valid, why do managers still use the analysis in decision making?
How many wedges must Division Z sell each year to generate the desired rate of return on its assets? Compute the new ROI if these changes are made.
Prepare a table showing depreciation expense, accumulated depreciation and book value for each of the five years assuming units of production depreciation
alabama paper company manufactures three products computer paper newsprint and specialty paper in a continuous
Calculate the credit for certain retirement plan contributions available to Kathleen and Glenn if the AGI on their joint return is $35,000
Aero Company has implemented a gain sharing compensation plan for its production employees
The city of Salem issued purchase orders totaling $600,000. Record all necessary journal entries in the general ledger
The concept of materiality is defined by the Financial Accounting Standards Board (FASB) in terms of the judgment of the. What level of assurance does the reader of a private company financial statement receive on the company's system of internal co..
stevens purchased an auto on jan 1 2001. on december 31 2003 the accummulated depreciation account has a balance of
You currently have a credit card that charges 15.99% interest. You usually carry a balance of $500. You receive an offer for a new credit card with a teaser.
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