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Using the treasury stock method, the options would result in how many extra shares being recognized in the diluted EPS calculation ?
Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles. It was driven 18,000 miles in
A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, what is the amount allocated to ending inventory for July ?
the cut off bank statement showed a bank charge on january 2, 2011 for P30,000 representing a correction of an erroneous bank credit, is it included in adjusted cash?
A company's net income is $100,000, and its weighted-average shares outstanding are 20,000. During the year, the company issues 5,000 ESOs at an exercise price of $20.
A copy machine was purchased for $35,000. It is estimated that the machine will have a useful life of 4 years with a residual value of $3,000. It is estimated that the machine will make 2,000,000 co
Calculate and enter the numbers that would go into the middle column marked Flexible Budget in the statement above. Remember that the Flexible Budget reflects anticipated actual results based on bu
What will be the diluted EPS if average stock price during the year is $35 and treasury shares that can be purchased are 1000?
Vegas Company's ending Goods in Process Inventory account consists of 4,500 units of partially completed product, and its Finished Goods Inventory account consists of 11,700 units of product. The fa
Calculate the total dollar amount of discount or premium amortization during the first year (5/1/12 through 4/30/13) these bonds were outstanding. (Show computations and round to the nearest dollar
Mohan Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning next month's budget appear below:Compute the company's margin of safety as a percentage of its sales.
The fair value method was used during 2011 but Dodge has deemed it necessary to change to the equity method after the second purchase. During 2012 Gates reported net income of $200,000 and reported
compute depreciation ecpense using the units of activity method for the years 2008 and 2009
After the adjustments are recorded and posted at December 31, 2011, calculate what the balances will be in the Unearned Magazine Revenue and Magazine Revenue accounts. Round your answer to the neare
Wrought Iron Manufacturing, the predetermined overhead rate is 70% of direct labor cost. During the month, $300,000 of factory labor costs are incurred of which $80,000 is indirect labor. Actual ove
Au Sable Corporation reported taxable income of $800,000 in 2010 and paid federal income taxes of $272,000. Not included in the computation was a disallowed penalty of $25,000, life insurance procee
Prepare journal entries to record the above merchandising transactions of Bask Company, which applies the perpetual inventory system. (Identify each receivable and payable; for example, record the p
Edison Company has 5,000 obsolete desk lamps that are carried in inventory at a manufacturing cost of $45,000. If the lamps are reworked for $20,000, they could be sold for $37,000. Alternatively, t
Analyze the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss
If this is ok at the corporate level, why, in your opinion, hasn't it been implemented to mitigate against double taxation when paid to individuals?
if sales are 200000, net income is 40000 and capital employed is 400000, so how can calculate rate of return on capital capital employed
Lucinda owns 1,100 shares of Blackbird Corporation stock at a time when Blackbird has 2,000 shares of stock outstanding. The remaining shareholders are unrelated to Lucinda. What is the minimum numb
Finch Corporation dishibutes property (basis of $140,000, fair market value of $200,000) to a shareholder in a distribution that is a qualifying stock redemption. The property is subject to a liabil
Robin Corporation distributes furniture (basis of $40,000; fair market value of $50,000) as a property dividend to its shareholders. The furniture is subject to a liability of $55,000. Robin Corpora
Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2010, assuming that the bonds sold at 102. (List multiple debit/credit entries from large