Urrent attempt in progress at december 31, 2019, splish corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,532 shares $10,753,200 common stock, $5 par, 4,053,980 shares 20,269,900 during 2020, splish did not issue any additional common stock. the following also occurred during 2020. income from continuing operations before taxes $24,726,300 discontinued operations (loss before taxes) $3,413,600 preferred dividends declared $1,075,320 common dividends declared $2,228,300 effective tax rate 35 % compute earnings per share data as it should appear in the 2020 income statement of splish corporation. (round answers to 2 decimal places, e. g. 1.48.)

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,200 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,200 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Why has the free enterprise system been modified to include some government intervention?