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1.At December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 820 million shares of common stock and 2 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 $426 million. The income tax rate is 40%. Calculate earnings per share for the year ended December 31, 2013.
Discuss the factors to consider when determining eligibility for the R&D Tax Credit. Discuss your reaction to the president's approach of R&D deduction related to the software training costs.
The invoice was approved for payment because the purchase order allowed for price increases up to 5 percent. The invoice was paid on August 30. Prepare the entries necessary to record the encumbrance, approval for payment of the invoice, and payme..
company a has actively conducted two businesses for 10 years in the sale and production of toys and candy. company a
at its present level of operations a small manufacturing firm has total variable costs equal to 65 of sales and total
which of the following financial ratios is the best measure of the operating effectiveness of a firms
A company changes from straight-line to an accelerated method of calculating depreciation, which will be similar to the method used for tax purposes. The entry to record this change should include a:
Businesses commonly use methods such as Net Present Value (NPV) and Internal Rate of Return (IRR) for evaluating investment decisions. Compare and contrast these two methods describing their relative strengths and weaknesses.
if management accountants dont have to follow gaap in their reporting and have the freedom of more customized
The question belongs to Accounting and it discusses about what happens to average collection period when accounts receivable turnover increasing
Given the following information, convert Robin Company 's salaries expense from its income statement into payments to employees for its statement of cash flows.
Calculating Cost of Debt Shanken Corp. issued a 30-year, 9 percent semiannual bond 4 years ago. The bond currently sells for 112 percent of its face value. The company's tax rate is 35 percent.
Remy's lawyers were successful, and the remaining years of benefit from the patent were estimated to be six years. The patent amortization expense for 2014 is
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