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Question - The heath corporation reported net income for 2008 of $177,500. Heath began the year with 100,000 shares of $5 par value common shares outstanding and 2,500 shares of $100 par value 8% preferred shares outstanding. On October 1, Heath sold 10,000 shares of common stock for $6 per share. Heath paid dividends to the common shareholders in December. What are the basic earnings per share?
During 2011, Gamma accrued warranty expenses of $900 and paid cash to honor warranties of $500. Gamma's taxable income for 2011 would be:
a corporation with both preferred stock and common stock outstanding has a substantial credit balance in its retained
Shannon Company segments its income statement into its North and South Divisions. Prepare an income statement for Shannon Company
On July 25, 2014, Tokar leaves the company. Prepare the journal entry (if any) to account for this forfeiture.
a company is trying to decide whether to keep or drop the sporting goods department in its department store. if the
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On December 1, 2011, Barnum Company (a U.S. -based on company) entered into a three-month forward contract to purchase 1,000,000 ringgits on March 1, 2012. The following U.S. dollar per ringgit exchange rates apply.
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