Answer:
305,000 Shares
Explanation:
The approriate number of shares to be used in the basic earnings per share computation for 2018 is calculated thus:
- As at December 31, 2017 Issued and Outstanding Common Stock = 300,000 shares
- Dividend paid= 5% Common Stock
- Meaning As at June 30, 2018, Common Stock issued rose as follows:
=(300,000×1.05)= 315,000
- However, Treasury Stock Reacquired September 30, 2018 = 40,000 shares of common stock
- Implication: From January - September 30, Common Stock increased from 300,000 to 315,000. However, From October 1- Decembe 21, Common Stock reduced by 40,000.
- To Calculate the Shares for EPS: We need to remove the last 3 months (October- December) for which the outstanding common stock has reduced by 40,000 shares.
- = (300,000 × 1.05) - (40,000 ×3/12)
- = 315,000-10,000
- =305,000 (Appropriate number of shares for basic EPS for 2018)
Answer:
$46,350
Explanation:
The Patent is Acquired at the Fair Value at the Acquisition date. They are recognized in consolidated financial statement even when not recorded by the subsidiary for consolidation purposes.
Thus, the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021 is $46,350.
Answer: Option (d) is correct.
Explanation:
Correct Option: Quantity demanded is greater than the quantity supplied.
Excess demand for a product occurs when quantity demanded is greater than the quantity supplied at the ongoing price. When their is a shortage of goods in a market. Excess demand is also known as shortage.
Excess supply occurs in a situation where quantity supplied is greater than the quantity demanded.
True is correct answer.
Hope it helped you.
-Charlie
Answer:
Operating costs = $7,000 x 5 years = $35,000
Operating costs = $2,600 x 5 years = $13,000
Explanation:
Operating costs = $7,000 x 5 years = $35,000
Operating costs = $2,600 x 5 years = $13,000
The current copier should be replaced. The incremental analysis shows that net income for the five-year period will be $3,000 higher by replacing the current copier.
