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Information from the financial statements of Ames Fabricators, Inc., included the following:
10% convertible bonds
(convertible into 30,000 shares of common)
Ames's net income for the year ended December 31, 2013, is $500,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2013.
Compute basic and diluted earnings per share for the year ended December 31, 2013.
Compute total asset turnover ratio for 2009 and 2010 and evalute results, would you promote me??
After considerable research, a cross-country ski has been developed. Because of the conservative nature of the company management, however, Watson's CEO has decided to introduce only one type of the new skis for this coming winter. If the product ..
The net present value and the internal rate of return are similar metrics to present the return of a project. What are the differences? What is an advantage of each metric compared to the other?
Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP.
Chen Company's account balances at December 31, 2007 for Accounts Receivable and the Allowance for Doubtful Accounts are $320,000 debit and $600 credit. Sales during 2007 were $900,000. It is estimated that 1% of sales will be uncollectible. The a..
trevi corporation recently reported an ebitda of 31275200 million and 9557000 million of net income. the company has
youre a tax preparer and one of you clients comes to you frustrated about why there are so many tax law changes. he
Price Manufacturing assigns overhead based on machine hours. Department A logs 1,200 machine hours and Department B shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:
Silver Fox Corporation has been engaged in the resale of tax preparation and tax research-related books and software for several years.
what is the purchase price of the machine if the net present value of the investment is $170,000?
Loxley Corporation is authorized to issue 50,000 shares of $10 par value common stock. During 2010, Loxley took part in the following selected transactions.
Prepare adjusting journal entries for the following and post to the T-accounts. (Omit explanations.) Open additional T-accounts as necessary. (The books are closed yearly on December 31.)
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