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Snow Cleaners, Inc,, had net income of $494,592 for its fiscal year ended November 30, 2012. During the year, the company had outstanding 64,000 shares of 12 percent $40 par value preferred stock, and 37,289 shares of common stock. Calculate the basic earnings per share of common stock for the 2012 fiscal year. Gwinnett Park Co. reported net income of $916,800 for its fiscal year ended September 30,2012. At the beginning of that year, 150, 000 shares of common stock were outstanding. On February 1, 2012, an additional 30,000 shares were issues. On August 1, 2012, 12,000 shares were purchased at treasury stock. During the year, the company paid the annual dividend of on 44,000 shares at 8%, $60 per value preferred stock that were outstanding during the entire fiscal year. Calculate the earnings per share of common stock for the year ended September 30, 2012.
which of the following budgets allow for adjustments in activity levels?a static budgetb continuous budgetc zero-based
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Transactions in the Capital Projects Fund in the general journal
At the end of the year, Roger's share of partnership liabilities increased by $20,000. Roger's basis in the partnership interest at the end of the year is:
How can you use CAATs to detect fraud? What do you gain by using CAATs to detect fraud
What will be the entry of Company further issued 1000 ordinary shares at rs.10 each against cash. the cash so received is utilized in paying bank loan and the note issued against balance of debentures.
Under a perpetual inventory system, record all of the journal entries required for the above transactions
a corporation acquired a truck on july 1 2012 at a cost of 162000. the truck has a six-year useful life and an
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The patent had a book value of $35,000. However, the technology covered by the patent appeared to have significant market potential. Thus, the patent was appraised at $280,000.
Prepare journal entries to record the accounting for both the normal and abnormal rework. What were the total rework costs of XD1 chips in August 2011?
A company purchased 100 units for $20 each on January 31. It purchased 100 units for $30 on February 28. It sold 150 units for $45 each from March 1 through December 31.
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