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Question - L.A. Caps Company had 50,000 shares of common stock outstanding on January 1, 2016. On April 1, 2016, the company issued 20,000 shares of common stock. The company had outstanding fully vested incentive stock options for 5,000 shares exercisable at $10 that had not been exercised by its executives. The average market price of common stock was $12. The company reported net income in the amount of $269,915 for 2016. What is the basic earnings per share (rounded)?
$4.10.
$3.86.
$3.60.
$4.15.
Prepare a material purchases budget for the same period
at what amount will accounts receivable be reported on the balance sheet if the gross receivable balance is 23500 and
Recording and Amortization of Intangibles Power glide Company, organized in 2009, has set up a single account for all intangible assets.
A new employee of the City of Kashime was working with the accounting records of several of its funds. This employee, John Fergie, found that a gift.
Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straigh..
on may 1 company reacquired 2000 shares of its own 2 par value stock for 100000 cash. on june 30 800 of the treasury
Joe and faith were partner partners in the following scheme, joe to take five ninths, and faith fourth ninths of the profits. Prepare joint account and separate the research accounts of the partners, showing their share of starts. Profit and the amo..
The type of protein-energy malnutrition characterized by a general lack of protein, energy, and nutrients in the diet is called: Which of the following is a genetic disorder resulting in debilitating protein abnormalities?
The argument that we should match the cash flow on debt to the cash flow on assets is based on the premise that managers are not very good at timing markets and/or assessing what types of debt are cheap or expensive. That premise may not be wrong ..
The volume of services subject to tax was $50 million. Compute the additional revenue raised by Jurisdiction A and by Jurisdiction Z.
extreme sport inc uses the allowance method to account for bad debts. during 2010 the company recorded 560000 in credit
Explain the importance of the assumptions used by accountants. - and describe any four.
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