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Question - At December 31, 2019, ABC Ltd. had 90,000 common shares outstanding and no preferred shares issued. On September 30, 2020, an additional 300,000 common shares were issued. In addition, ABC had $ 10,000,000 (par value) 6% convertible bonds outstanding at December 31, 2019, which are convertible into 600,000 common shares. No bonds were converted in 2020. Net income for calendar 2020 was $ 3,750,000. Assuming the income tax rate is 20%, what would the diluted earnings per share be for 2020?
You borrowed $12,000 (student loan) at an interest of 9 % compounded annually. If you repay $1,500 per year, how long will it take to repay the loan?
Past records indicate that the probability, What are the mean and standard deviation of the number of online retail orders that turn out to be fraudulent?
Calculate the direct materials price and quantity variances for November. Calculate the direct labor rate and efficiency variances for November. Calculate the variable overhead spending and efficiency variances for November.
Which is the purpose of developing a conceptual framework? To provide a coherent structure to accounting practice which had developed in an ad hoc way
1,500 shares are placed among new investors, premium $ 30 per share. Payroll value per share $ 100. What is the amount available for the payment of dividends?
Based on the General Ledger account balances, prepare Gray Co.'s February closing entries. Place the closing entries in the General Journal.
The president of Felde Company is under pressure from stockholders to increase net income by $103,350 in 2012. Calculate the number of units sold in 2011.
Royta Ltd, operates in the commercial, Assuming that the company uses the CAPM to calculate its cost of equity. Calculate its weighted average cost of capital.
Santana Rey, owner of business solutions, decides to diversify her business by also manufacturing computer workstation furniture. prepare a schedule of cost of goods manufactured for business solutions for the month ended January 31, 2016 assume the ..
Master Designs Decorators issued a 180-day, 6% note for $75,000, dated May 14, 2016, to Morgan Furniture Company on account. Determine the due date of the note. Determine the maturity value of the note.
Which events would make more likely that a company would choose to call its outstanding callable bonds? The company's bonds are downgraded.
For organizations that do not pay income taxes, the depreciation taken on a long term asset in future periods is
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