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dividends

If net income is $25,000 and there were 18,000 common shares issued

and outstanding the entire year, and 100 cumulative, nonconvertible, 6% $100 par preferred shares outstanding the entire year, what is EPS if no dividends were declared during the year.

 
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bo Co.

bo Co. began operations Jan. 1, 2014. The following events related

to common stock took place on the indicated dates during 2014.Jan. 1 Issued 5,000 common sharesApr. 1 Purchased 400 treasury sharesMay 1 Split 2-for-1Aug. 1 Issued 2,000 common sharesDec. 1 Issued a 20% stock dividendAssuming no potentially dilutive securities, what are the weighted average shares for EPS in 2014? (Do not round intermediate calculations. Round your final answer to nearest whole number.)

 
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JUNK BONDS Inc.

JUNK BONDS Inc. began operations Jan. 1, 2014. The following events related to common

shares took place on the indicated dates during 2014.

Jan. 1 Issued 25,000 common shares

Apr. 1 Purchased 4,000 treasury shares

May 1 Split the common shares 4-for-1

Aug. 1 Issued 20,000 common shares

Dec. 1 Issued a 25% stock dividend

Assuming no potentially dilutive securities, what is the weighted average shares for EPS in

2014?(Do not round intermediate calculations. Round your final answer to nearest whole

number.)

 
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On January 1, 20×1, Entity X (Customer) enters into a 4-year lease of equipment with Entity Y (Supplier)

On January 1, 20×1, Entity X (Customer) enters into a 4-year lease

of equipment with Entity Y (Supplier). The annual rent is ₱220,000, payable at the end of each year. The equipment has a remaining useful life of 10 years. The interest rate implicit in the lease is 10% while the lessee’s incremental borrowing rate is 12%. Entity X uses the straight-line method of depreciation. The relevant present value factors are as follows:- PV of an ordinary annuity of ₱1 @10%, n=4………… 3.16987- PV of an ordinary annuity of ₱1 @12%, n=4………… 3.037351. How much is the lease liability to be recognized by Entity X on initial recognition?

A. 697,371

B. 668,217

C. 0

D. 702,345

 
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