Answer:
but in recent times has depended on government subsidies in order to compete with the highly subsidized agricultural sectors of the European Union (EU) and the United States.
Explanation:
It is important to note that Canada is one of the largest agricultural producers and exporters in the world.
Some examples of these subsidies includes:
1. AgriInvest Program
This program provides matching contributions to producers (private producers) who make annual deposits to an AgriInvest account, to help them manage risks or improve market income.
2. AgriInsurance Program
Provides farmers with insurance against natural hazards in order to minimize the financial implications of production losses.
Answer:
(1) The number of shares of common stock that Francis should use in calculating basic earnings per share for 2019 :
= 24000 + 3000 + 2000
= 29000
(2) Basic EPS for 2019
EPS = net income / outstanding shares
= 72500 / 29000
= 2.5
(3) Diluted EPS for 2019
Diluted EPS = (net income - preferred stock dividned )/ (Common Shares Outstanding + Unexercised Employee Stock Options + Convertible Preferred Stocks + Convertible Debt + Warrants)
= 72500/(29000+ 2500 + 250 )
= 2.28
I have a tough dilemma between A,B,E but my feeling from knowledge is leaning towards E
Answer:
Interest Expenses $35,640, Interest payable $35,640
Explanation:
Notes payable = $594,000
Months passed till September = 9
Interest on notes accrued for 9 months = (594,000*8%*9/12) = $35,640
Adjusting Entry
Journal Entry Debit Credit
Interest Expenses $35,640
Interest payable $35,640
It is a statement of the owners equity. I hope this helps :)
