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The data below were taken from the accounting records of Fosel Inc. for 2006:Net income - $150,000;Income tax expense - 55,000;Interest expense - 35,000;Preferred stock dividends - 30,000;Common stock dividends - 45,000;Beginning shares of common stock- 54,000 shares;Shares of common stock issued February 28- 12,000 shares;Shares of treasury stock purchased July 1- 6,000 shares.Assuming that Fosel Inc. had split its stock 2 for 1 on June 1, compute the weighted-average number of shares outstanding at December 31, 2006.
Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?
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Silver Shades corporation disposes of a capital asset with an oringial cost of 115000 and accumulated depriciation of 62500 for a salvage price of 18000. Silver Shades tax rate is 30%. Calculate after tax cash inflow from the disposal of the capit..
Business Combinations
The investments were sold for $175,000 cash. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities?
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you have decided to purchase a car. you have found a clean used car that will cost you 8500. you can finance your
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