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Strauch Co. has one class of common stock outstanding and no other securities that are potentially convertible into common stock. During 2010, 100,000 shares of common stock were outstanding. In 2011, two distributions of additional common shares occurred: On April 1, 20,000 shares of treasury stock were sold, and on July 1, a 2-for-1 stock split was issued. Net income was $410,000 in 2011 and $350,000 in 2010. What amounts should Strauch report as basic earnings per share in its 2011 and 2010 comparative income statements?
Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.
difference between heavy lift surcharge and long lift
Prepare a schedule showing the intangible section of Lewis's balance sheet at December 31, 2011 and prepare a schedule showing the income statement effect for the year ended December
What is target costing? Suppose a hospital was offered a capitation rate for a covered population of $40 per member per month. Briefly explain in simple terms how target costing would be applied in this situation.
On January 1, 2014, Rowley Company purchased a truck that cost $33,000. The truck had an expected useful life of 4 years and a $3,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Rowley uses the double declining ..
Foreign corporation registered in the State of Illinois. Where are this firm's official offices located to have such a designation?
Sorenson Inc. has sales of $3,112,489, a gross profit margin of 23.1 percent, and inventory of $833,145. What are the company's inventory turnover ratio and days' sales in inventory?
Tundra Corporation is interested in acquiring Cantrell Corporation. Cantrell has 20 million shares outstanding and a target capital structure consisting of 30 percent debt and 70 percent equity. Cantrell's debt interest rate is 8 percent. Calculate t..
Assume that the managers of Dominion Healthcare facility are setting the price on a new outpatient service. What per-visit price must be set for the service to breakeven? To earn an annual profit of $100,000? Repeat Part a, but assume that the variab..
Doughnuts Inc. uses flour to produce two joint products. When processed each pound of flour yields 8 units of premium and 12 units of deluxe. Premium donuts sells for $1.00 per unit and deluxe sells for $2.00 per unit. The total cost to process a 10p..
Prepare a segmented variable costing (behavioral) income statement for the company in good format. Prepare a second variable costing statement assuming 90% of all the books in each category purchased were actually sold.
Analyze trends in the ending cash balance over time. Compute trends in interest returns on investments. Analyze cash balances, and changes therein, in relation to new or retiring debt obligations.
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