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Ringemup, Inc., had net income of $498,100 for its fiscal year ended October 31, 2010. During the year the company had outstanding 37,000 shares of $3.20, $45 par value preferred stock, and 107,000 shares of common stock.Calculate the basic earnings per share of common stock for fiscal 2010.
The Acme Company has an $8,000,000 balance in accounts receivable. Their CPA believes that there are very few misstatements. Which of the following would the CPA use to audit the account?
It declared and paid a dividend of $21,000 as a cash dividend. In 2010, the company recorded and adjustment of $10,000 due to the understatement (from a math error) of 2009 depreciation. Prepare a retained earnings statement for the year ending De..
a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Collier Bicycles buy the wheels from the outside supplier? Justify your answer.
The lower-of-cost-or-market concept is used in the valuation of inventory. Describe this concept. How does this concept affect your company's profitability, or the profitability of a company with which you are familiar?
london purchased a piece of real estate last year for 82200. the real estate is now worth 103400. if london needs to
what is the minimum acceptable selling price of material L to the company that could use material L in its own production process?
During the past several years the annual net income of Avery Company has averaged $540,000. At the present time the company is being offered for sale. Its accounting records show the book value of net assets (total assets minus all liabilities) to..
Abby and Co. reported a retained earnings balance of $500,000 at December 31, 2010. In September 2011, Abby and Co. determined that insurance premiums of $90,000 for the three-year period beginning January 1, 2010, had been paid and fully expensed..
The SEC's Enforcement Division investigates possible violations of securities laws, recommends SEC action when appropriate, either in a federal court or before an administrative law judge, and negotiates settlements.
Prepare all appropriate journal entries related to the investment during 2013, assuming Runyan accounts for this investment by the equity method.
The bonds are dated January 1, 2010, and mature January 1, 2015, with interest payable December 31 of each year. Osborn Company allocates interest and unamortized discount or premium on the effective interest basis.
calvin company expects to sell 10 million cases of paper towels during the current year. budgeted costs per case are 24
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