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The Calgary Eskimos play in the Canadian Hockey League. Although the Eskimos will soon be moving to a modern arena, management is studying the possibility of expanding the team's present facility to accommodate increased crowds. A $2.4 million expansion is planned that has a $200,000 residual value and will be depreciated by the straight-line method over four seasons. Information about the expansion follows:
Number of seats
Occupancy rate
Ticket price
Class 1 seats
2,500
80%
$6
Class 2 seats
2,000
60
4
The team will play 50 home games each season. Total added operating costs per game (ushers, cleanup, and depreciation) are expected to average $11,800. All such costs, except depreciation, require cash outlays.
on May 5, 1980 the Marr company issued a 5 year stock option to the chief financial officer the option entitled the employee to buy 1,000 shares of stock for $4 per share when the stock was selling fro $4 per share. under APB opinion No. 25 what i..
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before year-end adjusting entries carter companys account balances at december 31 2013 for accounts receivable and the
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Adcock issued $2,000,000 of 8% convertible bonds at face value during 2006. Each $1,000 bond is convertible into 30 shares of common stock. Compute diluted earnings per share for 2007. Complete the schedule and show all computations.
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