Basic earnings per share is computed as
A) Net Income / Total Number of Common Shares Outstanding.
B) (Net Income ? Preferred Dividends) / Total Number of Common Shares Outstanding.
C) (Net Income ? Preferred Dividends) / Weighted-Average Number of Common Shares Outstanding.
D) Net Income / Weighted-Average Number of Common Shares Outstanding.
C
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A. Controlling B. Mediating C. Encouraging D. Arbitrating E. Eliminating
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a. vision b. mission c. center d. inspiration
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ValleyView Company acquires common stock of Kansas Enterprises for $400,000 on November 1, 2013, and designates this investment as available-for-sale. The fair value of these shares is $435,000 on December 31, 2013 . ValleyView sells these shares on August 15, 2014, for $480,000. (Refer to the ValleyView.) The journal entries to record the sale of securities available-for-sale on August 15, 2013
a. Cash.....................................................480,000 Unrealized Holding Gain on Securities Available-for-Sale.......... 35,000 Marketable Securities.................................... 435,000 Realized Gain on Sale of Securities Available-for-Sale...................................... 80,000 b. Marketable Securities..........................435,000 Realized Gain on Sale of Securities available-for-sale................................ 80,000 Cash............................................................ 480,000 Unrealized Holding Gain on Securities Available-for-Sale....................... 35,000 c. Cash.................................................... 480,000 Realized Holding Gain on Securities Available-for-Sale............. 35,000 Marketable Securities.................................... 435,000 Unrealized Gain on Sale of Securities available-for-sale.......................................... 80,000 d. Marketable Securities......................... 435,000 Unrealized Gain on Sale of Securities available-for-sale................................ 80,000 Cash............................................................. 480,000 Realized Holding Gain on Securities Available-for-Sale....................... 35,000 e. none of the above