Earnings per common share result from dividing net income
a. minus preferred stock dividends by the weighted-average number of outstanding common shares during the accounting period.
b. by the weighted-average number of outstanding common shares during the accounting period.
c. minus common stock dividends by the end-of-year number of outstanding common shares.
d. minus preferred stock dividends by the end-of-year number of outstanding common shares.
e. by the end-of-year number of outstanding common shares.
A
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The client writes a ________ to the researcher before work on the project begins
A) letter of estimation B) letter of authorization C) letter of transmittal D) letter of recommendation E) letter of invoice
Peters, Chong, and Aaron are dissolving their partnership. Their partnership agreement allocates each partner an equal share of all income and losses. The current period's ending capital account balances are Peters, $60,000; Chong, $48,000; and Aaron, $(9000). After all assets are sold and liabilities are paid, there is $99,000 in cash to be distributed. Aaron is unable to pay the deficiency. The journal entry to record the distribution should be:
A. Debit Peters, Capital $60,000; debit Chong, Capital $39,000; credit Cash $99,000. B. Debit Peters, Capital $60,000; debit Chong, Capital $48,000; credit Cash $108,000. C. Debit Cash $99,000; credit Peters, Capital $33,000; credit Chong, Capital $33,000. D. Debit Cash $99,000, debit Aaron, Capital $9000, credit Peters, Capital $60,000, credit Chong, Capital $48,000. E. Debit Peters, Capital $55,500; debit Chong, Capital $43,500; credit Cash $99,000.
Goods are intangible and services are tangible.
Answer the following statement true (T) or false (F)
If an analyst incorrectly adds cash flows occurring at different points in time, what is the implied assumption in the process?
What will be an ideal response?