Answer:
C: sometimes primary and sometimes secondary.
Explanation:
When formulating accounting principles, the Securities and Exchange Commission’s role is sometimes primary and sometimes secondary.Securities and Exchange Commission has the responsibility to develop accounting standards which has to be enforced by public companies and they also consistently looked to the private sector for assistance in it. The securities and exchange commission retains the authority to establish the standards which formulate by them.
Solution:
a. The first year depreciation = $3,160
The second year depreciation = $5,100
b. By considering 75% used for business purchase
For 2018 , for 7 months remaining
Depreciation = $3,160 x 75% ( 
= $1382.50
For 2019 ,
Depreciation = $5,100 x 75% = $3,825
Answer:
$21,000
Explanation:
Amount Received $11,000 ( Under Property Damage)
Amount Received $1,000 ( Under Medical Coverage)
Amount for Vehicle Damage ( Vehicle damage - Collision deductibles ) = ( $9,500 - $500 ) = $9,000
Total Amount Paid by policy = ($11,000 + $1,000 + $9,000) = $21000
Therefore , total amount paid by policy for this damage is $21000 .
$2.40., was incorrect. The correct answer was: $2.28.
Begin by calculating how much of the net income is available for common stockholders (net income after taxes minus preferred dividends equals earnings available for common stockholders). The preferred stockholders received $600,000 in dividends (100,000 pfd shares × $6 per share dividends = $600,000). After subtracting $600,000 from the net income of $12 million, this leaves $11.4 million (earnings available for common stockholders). Compute EPS (earnings available for common ÷ number of common shares outstanding = $11.4 million / 5 million shares = $2.28 per share EPS).
the qestion is incomplete .please read below to find the missing content
A corporation has $12 million net income after taxes, 5 million common shares outstanding, and $10 million of 6% preferred stock ($100 par). What is the corporation's earnings per share (EPS)?
A) $2.52.
B) $1.20.
C) $2.28.
D) $2.40.
Earnings per share is the monetary value of earnings per outstanding share of a company's common stock. It is an important measure of a company's profitability and is often used in stock pricing.
EPS shows a company's profitability by showing how much profit the company makes for each share of its stock. The EPS figure is determined by dividing a company's net income by shares of common stock outstanding. However, the higher the EPS number, the more profitable the company.
Learn more about EPS here
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