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Earnings per share and retained earnings Okra Snack Delights, Inc., has an operating profit of $210,000. Interest expense for the year was $30,000; preferred dividends paid were $24,700; and common dividends paid were $36,000. The tax was $59,300. The firm has 16,000 shares of common stock outstanding. Calculate the earnings per share and the common dividends per share.
Discuss main objectives of non- profit-making organisations
compare the tax consequences to the shareholder and the distributing corporation of the following three kinds of
Journalize the Transactions and Posting them into ledger and Preparation of Trial Balance.
In a manufacturing company the proper journal entry (without numbers) to record the purchase of direct materials would be:
The manufacturing manager of New Technology Company is concerned about the company's newest plant. When the plant began operations three years ago, it had the best of everything. What is the nature of the plant's problems?
A company changes from percentage-of-completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a :
Prepare a production cost worksheet using the weighted-average method. Include any necessary supporting schedules.
following are the amounts of the assets and liabilities of st. kitts travel agency at december 31 2010 the end of the
The carrying amount of the asset surrendered by Scott exceeded both the fair value of the asset received and Dale's carrying amount of that asset. If the transaction lacks commercial substance, Scott should recognize the difference between the car..
TMC issued $50 million of its 12% bonds on April 1, 2011, at 98 plus accrued interest. The bonds are dated January 1, 2011, and mature on December 31, 2030. Interest is payable semiannually on June 30 and December 31. What amount did TMC receive f..
usaco a domestic corporation owns all of the stock of fsubco a foreign corporation. fsubco manufactures widgets and
The Lovely Gum Company has the following information regarding its costs of operations: Selling price $.40 per pack, variable costs 40% of sales, fixed costs $30,000 and target profit $15,000. Use this information to calculate the Break-even volum..
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