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statuscvo [17]
3 years ago
5

On December 31, 2021, Filipe Company had 300,000 shares of common stock issued and outstanding. Filipe issued a 7% stock dividen

d on June 30, 2022. On September 30, 2022, 37,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares to be used in the basic earnings per share computation for 2022?
Business
1 answer:
Naya [18.7K]3 years ago
4 0

Answer:

290,750

Explanation:

Weighted Average shares as at September 30,2022 300,000*9/12=225,000

Weighted Average share as at 31 December 2022     (300,000-37,000)*3/12=65,750

Total Weighted Average Shares to be used in basic EPS computation =225,000+65,750=290,750

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Presented below is information related to equipment owned by Bramble Company at December 31, 2020. Cost $10,260,000 Accumulated
Neporo4naja [7]

Answer and Explanation:

The journal entry to record the impairment of the loss is shown below:

Loss on impairment Dr $3,670,800  

         To Accumulated depreciation - Equipment $3,670,800

(Being the loss on impairment is recorded)

For recording this we debited the loss on impairment as it increased the losses and credited the accumulated depreciation as it increased the balance of accumulated depreciation

Working note:

Cost $10,260,000

Less: Accumulated depreciation -$1,140,000  

Carrying Amount $9,120,000  

Less Fair value -$5,472,000  

Plus: Cost of disposal $22,800  

Loss on impairment $3,670,800

5 0
4 years ago
Expenses that are paid in advance are held on the balance sheet until the end of the accounting period when they are transferred
amm1812

Answer: False

Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.

It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.

6 0
3 years ago
There are many food carts near Mark’s university. Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea
Lubov Fominskaja [6]
Jeff’s hot dog cart will have less customers and he will get less sales
5 0
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Who got g mail?? lmk
Bezzdna [24]

Answer:I do

Explanation:

6 0
3 years ago
Read 2 more answers
Think of a product that you purchased within the past 6 months
dalvyx [7]

Answer:

<em>Product purchased:</em> a purse

<u />

<u>How did you recognize that you needed the product?</u>

Through a need for more space to carry personal items to work.

<u>Where or how do you look for information about alternative products that meet this need (product)?</u>

Buying online is one of the facilities made possible by new technologies, which allows us to choose the product that meets our desires and needs without having to go to a physical store, in addition to the possibility of comparing prices and getting special discounts.

<u>What alternatives did the research process generate and what variables did you use to make the final purchase decision?</u>

The alternatives found were fast fashion sites that offered a bag of the ideal size, with the expected quality and defined average price.

<u>Where did you buy the product and why?</u>

I bought the product at Zara, which is a top quality fashion department store that would meet all requirements and needs with the purchase.

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<u>Were you satisfied after using or consuming the product? Explain.</u>

Yes, because the benefits added to the product met my needs and desires.

<u>There are 5 categories of influences as described in your text: economic, psychological. social, culture and ethnicity, purchasing situation. Which one(s) do you think had the greatest effect on your purchase decision? Please explain.</u>

The item that had the most effect on the purchase decision was the psychological and economic item, as the choice of the product was made due to a need for work, but whose purchase decision process took into account factors such as brand, quality and the price of the product.

6 0
3 years ago
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