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On December 31, 2010, Beta Company had 280,000 shares of common stock issued and outstanding. Beta issued a 7% stock dividend on June 30, 2011. On September 30, 2011, 31,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2011?
the following events took place for fed inc. during october 2012 the first month of operations as a producer of road
describe the various approaches required by current GAAP standards for reporting changes in accounting principles. Discuss how these approaches may be impacted by the adoption of new IFRS standards.
Other than for financial statements, management need report only the information it knows. That is, management should be under no obligation to gather information it does not have, or does not need, to manage the business.
Companies often prioritize projects in the following four categories: Absolutely essential, Highly necessary, Economically justified, and All other. Provide one example for each category. Why do firms do this type of categorization?
McCallister & Speass Plowing Company is completing the accounting process for the year ending December 31, 2009. The transactions during 2009 have been journalized and posted.
nyota corp sells two products. product a sells for 100 per unit and has unit variable costs of 60. product b sells for
wright machinery corporation manufactures automible enginesfor major automobile producers. these engiines have a
Assuming that the spot rate in 90 days is $.71, what is the net amount paid, assuming FAB wishes to minimize its cost?
oneil inc. began work on a 7044000 contract in 2012 to construct an office building. oneil uses the
select an australian publicly- listed company and locate their latest annual report eg commonwealth bank nab bhpnbsp
calculate the present value of the following cash flows rounding to the nearest dollara. a single cash inflow of
The equipment was purchased several years ago for $70,500 and had accumulated depreciation of $52,900. What is reported under the operating activities section on the statement of cash flows?
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