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Question - At December 31, 2013, the financial statements of Nineteen Company showed the following.
Net income for 2013 $560 million
Bonds payable (10%, convertible into 36 million common shares) $300 million
Common stock
Shares outstanding January 1, 2013 400 million
Treasury shares purchased September 1, 2013 30 million
The bonds payable were issued at face value in 2011. The tax rate for 2013 was 40%.
Determine basic and diluted earnings per share.
which of the following is not true of the terms debit and credit? they can be interpreted to mean left and right. they
A manufacturing company has a small production line dedicated to the production of aparticular product. The line has four stations in serial. Inputs arrive at station 1 and theoutput from station 1 becomes the input to station
Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
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DEBT VS EQUITY- Why do you think debt offerings are more common than equity offerings and typically much larger as well?
Morgan (age 45) is single and provides more than 50% of the support of Rosalyn (a family friend), Flo (a niece, age 18), and Jerold (a nephew, age 18).
The performance report for July showed that actual maintenance costs totaled $11,315 and that the associated rate variance was $146 unfavorable. If 7,300 machine-hours were actually worked during July, what is the budgeted maintenance cost per mac..
the company purchased 4000 yards of material in march for 40000. the company used 3800 yards in march in order to make
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