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At December 21, 2004, Marshall Company had 500,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 100,000 of which were issued on October 1, 2004. Net income for the year ended December 31, 2004, was $765,000. What should be Marshall's 2004 earnings per common share, round to the nearest penny?
a. $1.53
b. $1.90
c. $1.80
d. $1.70
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Which of the following is not a required consideration regarding due professional care when choosing to perform an internal auditing consulting engagement?
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Journal entries for equity securities for Capriati Corp in 2012, their first year of business, including unrealized gains or losses in 2012:
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Steckelberg Inc. produces and sells a single product. The selling price of the product is $150 per unit and its variable cost is $54 per unit. The fixed expense is $154,560 per month. The break-even monthly unit sales is ??
Which of the following statements is true regarding an intercompany sale of land?
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