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Problem - Smith Corporation had 30,000 shares of common stock outstanding during the year. In addition, there were compensatory share options to purchase 3,000 shares of common stock at $20 a share outstanding the entire year. The average market price for the common stock during the year was $36 a share. The unrecognized compensation cost (net of tax) relating to these options was $4 a share. What is the denominator to compute the diluted earnings per share?
a. 31,000
b. 31,333
c. 31,667
d. 33,000
What is the variable overhead spending variance for the month?
Analyze how executives of corporate America have embraced the new regulations and requirements of the Sox Act while maintaining their purpose to produce a profit for investors and staying in compliance of the new rules in the industry.
You are required to research information on the below issues, and then write the results of your research in an essay format - The main criticisms of traditional financial reporting and What other types of information could be included in annual repo..
A borrower takes a $300,000 loan with fixed rate of 4% amortized with monthly payments over 30 years. There are prepaid finance charges of 1 point on the loan amount plus $1,500.
What is the amount of impairment loss recorded by Mickey Mouse Corp during 2017?
What is wrong with this surveillance log-Why is it important to take detailed notes during surveillance and covert operations
On December 1, 2008, Denizen Corporation entered into a 120-day forward contract to purchase 20,000 Canadian dollars (C$). Prepare all journal entries for Denizen Corporation.
Discuss what is meant by the term “auditing around the computer”. Discuss circumstances that must exist for the auditor to “audit around the computer”.
Consider Platypus Building Inc. uses the percentage of completion technique, what amount of gross profit would be recognized in 2013?
Assume that Lewis was personally insolvent and could not contribute any assets to the partnership, while Keaton and Meador were both solvent.
If you were the company's controller, would you want a debit balance, a credit balance, or no balance in the Overhead account at the end of the period?
During February, Irving Corporation incurred $92,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $85,000. The journal entry to record the incurrence of the actual Manufactu..
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