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djyliett [7]
3 years ago
7

At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred

stock outstanding. No dividends were declared on either the preferred or common stock in 2020 or 2021. On January 30, 2022, prior to the issuance of its financial statements for the year ended December 31, 2021, Bramble declared a 100% stock dividend on its common stock. Net income for 2021 was $1143000. In its 2021 financial statements, Bramble's 2021 earnings per common share should be
Business
1 answer:
Vika [28.1K]3 years ago
5 0

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

= $3.83 per share

We simply divided the net income from the  weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

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Mark owns 50% of an S corporation, Wick, Inc., and has a basis in that corporation of $3,000 at the beginning of Year 1. At the
Over [174]

Answer:

$3,000

Explanation:

Mark's basis at the beginning of the year = $3,000

Mark's share of Wick's income = $2,000 x 50% = $1,000

the distribution of the truck = $5,000

Mark's taxable income = basis - share of profits - truck's basis = $3,000 - $1,000 - $5,000 = -$3,000, so Mark has to report a $3,000 income from this distribution.

6 0
3 years ago
At February 1, 2022, the balance in Bonita Industries supplies account was $3080. During February Bonita purchased supplies of $
ICE Princess25 [194]

Answer:

Balance of Suppliers Account is $2200 debit

Explanation:

It is important to know that the Supplies Account increases on the debit side and decreases on the credit side.

On 1 February the account was $ 3080 and this was a debit since it was an existing balance.

Purchase during the year by Bonita Industries increased the Supplies Account. A debit entry of $2640 must be recorded.

Used supplies during the year decrease the Supplies Account. A credit entry of $3520 must be made

There for the balance left $2200(3080+2640-3520) is still on the increase side (debit).Hence the answer $2200 debit is correct.

5 0
4 years ago
When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective?
Alenkasestr [34]
True. When you analyze the key elements of a country's economic perspective environment, it is best to apply a systems perspective. When you follow the systems perspective you should be taking all of the behaviors, attributes and actions of a system when it's in its environment. instead of individualizing people and things within, it's an overall evaluation of the system. 
4 0
3 years ago
If anyone can please help asap
KiRa [710]

Answer:

1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased.

2. Dollar vote: increased neighborhood crime is caused by a pawn shop.

3. Public goods: a freeway is available for all to use.

4. Positive externality: public education in the United States results in benefits for others around the world.

Explanation:

1. Negative externality: Jeff declined to buy his favorite chocolate bar because the price has increased. A negative externality arises when the production or consumption of a finished product or service has negative impact (cost) on a third party.

2. Dollar vote: increased neighborhood crime is caused by a pawn shop. A dollar vote describes how the consumer's purchasing power influences the type (quantity) of goods to be produced and supplied to the market.

3. Public goods: a freeway is available for all to use. It refers to any goods that is accessible and available to the general public at all times without an additional fee, charges or cost.

4. Positive externality: public education in the United States results in benefits for others around the world. A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

7 0
3 years ago
Enterprise opportunities​
vagabundo [1.1K]

Answer:

p o r n

Explanation:

5 0
3 years ago
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