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Question - Ahnberg Corporation had 620,000 shares of common stock issued and outstanding at January 1. No common shares were issued during the year, but on January 1, Ahnberg issued 240,000 shares of convertible preferred stock. The preferred shares are convertible into 480,000 shares of common stock. During the year Ahnberg paid $144,000 cash dividends on the preferred stock. Net income was $1,570,000. What were Ahnberg's basic and diluted earnings per share for the year?
Describe the main sections on the General Fund Balance Sheet and identify one account that would appear in each section
Current Issues in Tax Accounting
jackie chan earns a salary of 10000000 and has expenses relating to his job of 220000.he has active rental income of
The following selected accounts and their current balances appear in the ledger of Case-It Co. for the fiscal year ended November 30, 2010:
30% of the repairs will be made in 2012 and 70% in 2013. In the 2012 income statement, Company should show warranty expense of what?
Why should the accounting for the lessor be different depending on whether the residual value is guaranteed or unguaranteed? Couldn't they just "adjust" the depreciation expense at the end of the term if the lessee does not pay the residual?
Cash flow calculations and net present value - Prepare a chronological list of the investment's cash flows. Note: Greene is entitled to the 19X3 dividend
The IRS used its own appraisers to set the value of the sculpture at $400,000. Compute the penalty the IRS can assess against Singh
With reference to relevant legislation and case law discuss whether casinos prepaid rent is considered a revenue expense or a capital expense
Beginning inventory is $50,000 and ending inventory is $70,000. Net sales totals $600,000 and cost of goods sold is $360,000. What is inventory turnover ratio
big sky mining company must install 1.5 million of new machinery in its nevada mine. it can obtain a bank loan for 100
The production department has been investigating possible ways to trim total production costs. One possibility currently being examined is to make the paint cans instead of purchasing them.
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