Information from the financial statements of ABC Corporation for year 2021 included the following: Common stock outstanding as of January 1: 100,000 shares Employee stock options, exercisable during 2021 for 10,000 shares of common at strike price of $20 per share. All options were outstanding at the beginning and end of 2021. Convertible preferred shares, convertible into 56,000 shares of common. During 2021, the company paid dividends of $2 per share on its 134,710 shares of preferred stock. Net income for 2021 was $788,420 Assume a tax rate of 40%. During the year, the market price of the company's stock averaged $25 per share. Required: Compute basic and diluted earnings per share for the year ended December 31, 2021.

Being an expert problem solver is something you're either born with or not. true or false

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options