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Keene Co. has 2,000,000 shares of common stock outstanding on December 31, 2018. An additional 100,000 shares are issued on April 1, 2019, and 240,000 more on October 31. OnOctober 31, 2019, Keene issued $3,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. Assume the bonds are dilutive. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2019 is
How much revenue should Butterbur recognize in 2017? What gross profit (loss) - if any - does Butterbur recognize on this contract in 2017
murphy corporation has the following data pertaining to certain costs that cannot be easily identified as either fixed
use the information in brief exercise 25.2 to compute the roi for the pennsylvania factory using total assets and
Prepare the journal entries to record the issuance of the non interest-bearing note by Blanton Plastics on October 1, 2011, the adjusting entry at December 31, and payment of the note at maturity.
The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be:
lion corporation manufactures several types of accessories. for the year the gloves and mittens line had sales of
following is a set of situations that may or may not involve sampling.1.an auditor is examining loan receivables at a
in december one of the processing departments at pomainville corporation had beginning work in process inventory of
Identify the four basic financial statements. Describe the purpose of each of the four financial statements.
The general ledger detail provides you with the following information about what is recorded under Miscellaneous expenses - Review the tax law commonly referred to in preparing tax returns for sole proprietorships
Required - Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations
The December 31, 2011 Balance sheet lists Bonds Payable (15%) as $70,000. Calculate interest expense
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