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For the year ended December 31, 2013, Norstar Industries reported net income of $655,000. At January 1, 2013, the company had 900,000 common shares outstanding. The following changes in the number of shares occurred during 2013:Apr. 30 Sold 60,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 72,000 shares as part of the consideration for the purchase of assets from a subsidiary.Required:Compute Norstar's earnings per share for the year ended December 31, 2013.
on january 1 2015 warren corporation had 980000 shares of common stock outstanding. on march 1 the corporation issued
question 3 suggested time 15 minutes 15 pointsthe following information is available for flip companybeginning
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Dryden Manufacturing Company prepared a fixed budget of 40,000 direct labor hours, with estimated overhead costs of $200,000 for variable overhead and $60,000 for fixed overhead.
in a recent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000
adam smith is a self-employed artist and is married with four children. on 1 april 2013 he borrowed a sum of money to
Define the term business combination and differentiate across various forms of business combinations. Describe when consolidation of financial information into a single set of statements is necessary.
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How many shares does Bob own in Brown Corporation assuming the same facts as in a., above, augmented by BZ's ownership of Brown shares?
The Winsey Company purchased equipment on January 2, 2010, for $700,000. The equipment has the following characteristics:Estimated service life ......... 20 years 100,000 hours950,000 units of outputEstimated residual value ....... $50,000During 2010..
goods are never delivered under forward contracts but are almost always delivered under futures contracts.lepage co.
suppose that a firm has total assets of 1100000long-term debt of 400000 total common equity of 400000and preferred
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