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A company reports net income of $75,000. Its weighted- average common shares outstanding is 19,000. It has no other stock outstanding. What is its earnings per share? Please explain your calculation.
An agency has single-year, multi-year and no-year appropriations. On October 15, 2014, the agency tried to create several transactions. Is the agency authorized (allowed legally) for the following? The appropriation has sufficient funding to pay for ..
During the year, Jonathan sold the following assets: business auto for $1500 loss (not a capital asset), stock investment for a $4000 loss (bought 2 months ago), and pleasure boat for $500 loss. Presuming adequate income, explain how much of these..
Which of the following statements regarding adjusting entries is not correct? Adjusting entries nearly always involve the cash account and either a revenue or expense account. Adjusting entries may reduce amounts on the balance sheet and increase cor..
Fill journal entries appropriate to be recorded these transactions - In November sold $4,000 of gift cards. $700 of these was redeemed.
question on 1st january 2012 the first day of its fiscal year the city of carter received announcement that a federal
Media Designs is a marketing firm that designs and prints customized marketing brochures. The design department designs the brochure and the printing department prints and binds it. Each department has separate overhead rates. Calculate the over/unde..
Determine the cost of goods sold amount for the three transactions above? Evaluate the gross profit for the three transactions above?
Determine the amount of budgeted cash payments for January selling and administrative expenses.
Illustrate what is the minimum ownership percentage an owner must have in the entity to avoid gain recognition when property is contributed?
multiple choice questions based on business accounts.1.nbspa corporation and its owners are distinct entitiesa.from a
Marine, Inc., manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid model for years; the flexible model was introduced several years ago to tap a new segment of the market. Since introduction of..
An insurance policy covering 12 months was purchased on October 1, 2015, for $16,200. The entire amount was debited to Prepaid Insurance and no adjusting entry was made for this item in 2015.
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