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Ferry Corporation had 300,000 shares of common stock outstanding at December 31, 2007. In addition, it had 90,000 stock options outstanding, which had been granted to certain executives, and which gave them the right to purchase shares of Ferry's stock at an option price of $37 per share. The average market price of Ferry's common stock for 2007 was $50. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2007?
Evaluate the profitability of each product after allocating joint costs.
The movement of a company's administrative offices from New York City to New Jersey where rent costs are lower and The use of two work shifts instead of three in the manufacturing plant.
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In itemizing his deductions, illustrate what is the amount that Tim may claim as a deduction for taxes?
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The client had agreed up front that they would provide Spencer capital stock in lieu of cash for his service.
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Waters, Inc., acquired 10 % of Denton Corporation on 1 st January, 2012, for $297,400 though Denton's book value on that date was $2,380,000.
Leo Lion Corporation incurred manufacturing wages of $17,000, 55% of which were direct labor charges and 45% indirect labor charges. In a single journal entry give the journal entry to record the direct and indirect labor incurred.
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