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Given the following year-end information, compute Green Corporation's basic and diluted earnings per share.
Net income, $5,000.
The income tax rate, 30%.
1,000 shares of common stock were outstanding the entire year.
200 shares of 10%, $50 par (and issuance price) convertible preferred stock were outstanding the entire year. $1,000 dividends were declared on this stock during the year. Each share of preferred stock is convertible into 5 shares of common stock.
Required: Assuming that these two companies retained their separate legal identities, prepare a consolidation worksheet as of December 31, 2009.
How much goodwill will be reported in the consolidation financial statements on December 31, 2012, at the end of Allen's fiscal year? What is the excess amortization expense for the period ending December 31, 2012?
The net accounts receivable balance includes. Prepare a balance sheet in good form stockholders' equity details can be omitted.
On January 2 of the current year, Gamma liquidates and distributes all property to Marsha except that Gamma retains cash to pay the accounts payable and any tax liability resulting from Gamma's liquidation. Assume that Gamma has no other taxable i..
Ritter company issues $600,000 of 10%, 10-year bonds on januanry 1, 2008 at 102. Interest payable semiannually on july 1 and january 1. The company uses the straight-line method of amoritization.
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What is Kraft Foods Inc.s corporate strategy
Describe the implications of the phrase normally expected to be liquidated with expendable avail-able financial resources as applied to accruing liabilities for compensated absences in governmental type funds?
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In December 2010, Technology University received a $2 million grant from the National Hockey Association to develop an effective neck brace to prevent injuries in its non-goalie hockey players
Discuss and elaborate the characteristics of an effective and well design management accounting system.
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