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On January 1, 2015, Warren Corporation had 980,000 shares of common stock outstanding. On March 1, the corporation issued 140,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 2-for-1 stock split. On October 1, the corporation purchased on the market 480,000 of its own outstanding shares and retired them. Compute the weighted-average number of shares to be used in computing earnings per share for 2015.
Patrice sells a parcel of land for $50,000 cash and the buyer assumes Patrice's liability of $7,000 on the land. Patrice's basis in the land is $40,000. What is the gain or loss she will recognize on the sale?
pietarsaari oy a finnish company produces cross-country ski poles that it sells for euro33 a pair. the finnish unit of
Explain the meaning and significance of the coefficient of correlation.
Jurnalize the entires for july 12 and November 18, assuming that the common stock is to be continued with the stated value and what is the total amount invested ( total paid-in capital) by all stock holders as of November 18
If $4,000,000 of 12% bonds are issued at 101, the amount of cash received from the sale is:
(a) a note payable for $100,000 due in 2 years, (b) a 10-year mortgage payable of$200,000 payable in ten $20,000 annual payments, (c) interest payable of $15,000 on the mortgage, and (d) accounts payable of $60,000. For each obligation, indicate w..
Piper's income before depreciation, before income taxes, and before the cummulative effect of the accounting change (if any), for the year ended december 31, 2011, is $250,000. The income tax rate for 2011, as well as for the years.
a computer manufacturer recently shipped several laptops to a customer cost 25000 and billed the customer
Prepare all journal entries to record the preceding information. How the accounts related to BBB's factoring and assignment agreements be reported on BBB's year end financial statements
Chancellor Ltd. sells an asset with a $1 million fair value to Sophie Inc. Sophie agrees to make 6 equal payments, one year apart, commencing on the date of sale. The payments include principal and 6% annual interest. Compute the annual payments.
what are the common errors and frauds in the personnel and payroll cycle? which control characteristic are auditors
Compute 2008 cash-basis net income. Compute 2008 accrual-basis net income.
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