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3 years ago

Nu Company reported the following pretax data for its first year of operations.

Business

1 answer:

irakobra [83]3 years ago

8 0

Answer:

b.$144

Explanation:

Calculation for Nu's net income if it elects LIFO

Net sales$2,800

Less Cost of goods sold ($1,680)

($2,500 - 820)

Gross profit $1,120

($2,800-$1,680)

Less Operating expenses ($880)

Income before taxes$240

($1,120-$880)

Less Income tax ($96)

($240 x 40%)

Net income$ 144

($240-$96)

Therefore Nu's net income if it elects LIFO will be $144

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4 years ago

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E16-25 (EPS with Convertible Bonds and Preferred Stock) On January 1, 2014, Crocker Company issued10-year, $2,000,000 face value

babymother [125]

Answer:

The answer is given below;

Explanation:

EPS=Net income-preferred dividends/Weighted average shares outstanding

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Common stocks 100,000

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3 years ago

Changes in net operating working capital should not be reflected in a capital budgeting cash flow analysis because capital budge

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Answer:

The correct answer is False.

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