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On January 1, 2010, Lindsey Company issued 10-year, $3,100,000 face value, 6% bonds, at par. Each $1,000 bond is convertible into 19 shares of Lindsey common stock. Lindsey's net income in 2011 was $300,000, and its tax rate was 40%. The company had 100,000 shares of common stock outstanding throughout 2010. None of the bonds were converted in 2010.
Compute diluted earnings per share for 2010.Compute diluted earnings per share for 2010 using the same facts as those assumed for part (a), except that $1,700,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 8 shares of Lindsey common stock.
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Describes several ways to increase the value of an organization. Which of these might be applicable to an organization and why? Please provide a reference.
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Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.
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the income statement measures the income and expenses of a company over a specific period of time. reflecting on your
What amount should be deducted as lease expense on Schedule C in 2013?
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