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At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 680 million shares of common stock and 5 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2012 or 2013. Net income for 2013 was $584 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2013. (Round your answer to 2 decimal places.)
produces memory enhancement kits for fax machines. sales have been very erratic with some months showing a profit and
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compare and contrast the balance sheet income statement and cash flow statement. note that to compare and contrast
the financial statements of prosperous company appear below. all are in thousand rupiahs. you are also provided with
What is the appropriate accounting treatment for the value assigned to an in-process research and development acquired in a business combination?
If the fair value of a held-to-maturity investment declines for a reason that is viewed as "other than temporary" because the company intends to sell the investment:
production of 1000 units selling at 20 having a variable cost 12 and fixed cost 10000. depreciation expenses is
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During 2010, Vera Venture sold her interests in two small business corporations. Her loss on Ballpoint Pen Corporation stock was $120,000 and her loss on Pencils Corporation stock was $20,000. Both losses qualify under Code Sec. 1244. Vera files j..
This assignment is not designed to require you to go to the library or to access International Accounting Standards. If you spend your time just thinking about the issue, the answers should become apparent.
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