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Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% convertible bonds outstanding during 2011. The preferred stock is convertible into 40,000 shares of common stock. During 2011, Hanson paid dividends of $1.20 per share on the common stock and $4 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2011 was $800,000 and the income tax rate was 30%. what are the earnings per share?
Cost classification into R&D, Design, Production, Marketing, Distribution, Customer service and Classify each cost item of Ripon Printers into one of the business functions of the value chain
Nano Company uses a weighted average process cost system. The department started and finished 149,000 units during the current period.
Reliance Corporation sold 4,900 units of its product at a price of $24 per unit. Total variable cost per unit is $13.00, consisting of $12.25 in variable production cost and 0.75 in variable selling and administrative cost. Compute contribution margi..
LB Enterprises uses a job-order costing system to determine its ending inventory and cost of goods sold. LB's accountant estimated the manufacturing overhead for 1999 to be $595,200. The product the company makes is labor intensive and the estimated ..
Number Date Description of Transaction Debit Credit Balance
The price quoted to the customer is closely tied to the estimated cost in environments in which products are made according to the customer's specifications.
compute average number of shares outstanding for 2013. Compute the basic earnings per share for 2013. (Round to the nearest penny.)
What was Mitsubishi's motivation for establishing such generous credit terms? What costs are involved? What are the accounting implications?
Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. Compute the applied overhead for Byrd for the year.
Question No: 1 Mr. A, B & C entered into a partnership. At the beginning of the year their capital balances were Rs. 180,000, Rs. 140,000 and Rs. 80,000 respectively. Profit or loss is to be divided as
Compute the balance in work in process inventory on April 30 - the journal entry for total manufacturing labor incurred in April.
Prepare the entry to record the purchase of the gallery on Sharon's books. Prepare the entry to record the amortization of goodwill for 2014.
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