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In the year ended 31 December 2019, there were 9,900,000 ordinary shares in issue and the earnings per share was calculated as $0.335 per share. In the year ended 31 December 2020, the earnings available for ordinary shareholders amounted to $5,000,000. The company made a one for five rights issue on 30 June 2020 at a price of $1.00 and the cum rights price on the last day before the rights was $2.50.
Problem 1: What are the EPS for the year ended 31 December 2020 and the restated EPS for the year ended 31 December 2019?
Anton Blair is the manager of a medium-size company. What effect does lowering the estimate for doubtful accounts have on the income statement and balance sheet
Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $25,000. The land, acquired in 1984, had an allocable basis of $40,000. Larry has additional parking across the street and plans to use t..
What will happen to the company's operating income if the diet line is discontinued? The company's operating income will increase
Journalize the transactions and the closing entries for net income and dividends. Complete a stockholders' equity section at December 31
What was Lehighton's total operating income across both years under absorption costing and under variable costing
june 10 sold obsolete store equipment for 630 cash. the equipment originally cost 2105 and depreciation to march 31 of
garcia corporation purchased a truck by issuing an 142400 5-year zero-interest-bearing note to equinox inc. the market
Do you believe the role of accountant has changed much in recent years? Why or why not?
Cougar's Accounting Services provides low-cost tax advice and preparation to those with financial need. Calculate net loss
Problem - Classifying Types of Adjustments - Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, (d) accrued expese
Prepare the journal entry to record the notes payable, the adjusting entry required at December 31, and final payment at the maturity date
Jill Clark invested $25,000 in the bonds of Industrial Aromatics, Inc. She held them for 13 months, at the end of which she sold them for $26,746.
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