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Submarine, Corp., earned net income of $110,000 for 2011. Submarine's books include the following figures:
Preferred stock, 2%, $30 par, 1,000 shares issued and outstanding $30,000Common stock, $1 par, $52,000 issued $52,000Paid-in capital in excess of par--common $450,000Treasury stock, common, 2,000 at cost $40,000
Compute Submarine's EPS for the year.
Bella Lugosi Holdings, Inc. (BLH), has collected the following operating information below for its current month's activity. Using this information, prepare a flexible budget analysis to determine how well BLH performed in terms of cost control. A..
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Plan journal entries to record the preceding transactions on the assumption that the bonus method is used.
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Evaluate Net Salvage Value
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