Business, 31.07.2019 02:10 zakwolthuis
Stanley department stores reported net income of $720,000 for the year ended december 31, 2018. additional information: common shares outstanding at jan. 1, 2018 80,000 incentive stock options (vested in 2017) outstanding throughout 2018 24,000 (each option is exercisable for one common share at an exercise price of $37.50) during the year, the market price of stanley’s common stock averaged $45 per share. on aug. 30 stanley sold 15,000 common shares. stanley’s only debt consisted of $50,000 of 10% short term bank notes. the company’s income tax rate is 40%. required: compute stanley’s basic and diluted earnings per share for the year ended december 31, 2018.
Answers: 1
Business, 22.06.2019 02:50
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 17:30
Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.
Answers: 1
Business, 22.06.2019 21:00
Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?
Answers: 2
Stanley department stores reported net income of $720,000 for the year ended december 31, 2018. addi...
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