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Question - How to find Basic earnings per share and Diluted earnings per share with the given the following year-end information?
Net income, $15,000
The income tax rate, 30%
4,000 shares of common stock were outstanding the entire year.
500 shares of 10%, $50 par (and issuance price) convertible preferred stock were outstanding the entire year. Dividends of $2,500 were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
Prepare the journal entries to record the first two installment payments. This part has first installment payment and second installment payment
alfred e. old and beulah a. crane each age 42 married on september 7 2011. alfred and beulah will file a joint return
Mike Greenberg opened Flounder Window Washing Co. on July 1, 2020. July 31 Owner withdrew $500 cash from the company. Journalize the July transactions
In desperation, you go to your superior Janet Well the chief financial officer of the city, and ask her for guidance. She suggests you not worry about such a petty thing No one reads these reports anyway. What would you do?
On December 31, 2017, the balance of bonds payable as per the balance sheet amounted to 4,000,000. Show necessary journal entries to record the above
Refer to Polaris financial statements in Appendix A to answer the following.
johns auto care is considering the purchase of a new tow truck. the garage doesnt currently have a tow truck and the
What is the resulting Risk of the Internal Control.State the Internal Control Weakness.Identify five Internal Control weaknesses at PHSR
On January 1, Year 1, Congo.com issued $1,000,000, 9% 10-year bonds (interest paid annually) to yield 8%. Calculate the selling price of the bond
Contrast the impairment of goodwill on the financial statements of an entity reporting under international financial reporting standards
Also make the entries to record the amortization of the discount at the end of the first second and third year using effective interest amortization
Assume the sales mix is 3 units of X for every unit of Y: What is the weighted revenue per unit of composite average product
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