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EPS: stock dividend; nonconvertible preferred stock; treasury shares; shares sold On December 31, 2010, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2011, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2011. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2011, was $150 million. Compute Berclair's earnings per share for the year ended December 31, 2011.
yoshi company completed the following transactions and events involving its delivery trucks. nbspnbspnbsp2012jan.1paid
fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher
gregs bicycle shop has the following transactions related to its top-selling mongoose mountain bike for the month of
Phildell Phoenix is paid on a monthly basis. For the month of January of the current year, he earned a total of $8,288. FICA tax for social security is 6.2% and the FICA tax for Medicare is 1.45%.
Your investment adviser wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the most you should pay for this investment?
smith cpa was engaged to audit golf corporations financial statements for the years ended august 2006. smith planned
Prepaid Insurance $3,600; Cash $15,400; Supplies $5,200, and Short-term Investments $6,700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
novas diamond bracelet was stolen in 2011. she originally paid 9800 for the bracelet but it was worth considerably more
lifsey wedding fantasy company makes very elaborate wedding cakes to order. the owner of the company has provided the
Management is often unwilling to implement an ideal system of internal controls because
Tanver Corporation, a calendar year corporation, has alternative minimum taxable income of $7 million in 2010 (before adjustment for adjusted current earnings). If Tanver's adjusted current earnings is $16 million, its tentative minimum tax for 20..
youve just been hired onto abc company as the corporate controller. abc company is a manufacturing firm that
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