The alford group had 202,000 shares of common stock outstanding at january 1, 2021. the following activities affected common shares during the year. there are no potential common shares outstanding.
2021
feb. 28 purchased 6,000 shares of treasury stock.
oct. 31 sold the treasury shares purchased on february 28.
nov. 30 issued 24,000 new shares.
dec. 31 net income for 2021 is $400,000.
2022
jan. 15 declared and issued a 2-for-1 stock split.
dec. 31 net income for 2022 is $400,000.
required:
1. determine the 2021 eps. (do not round intermediate calculations.)
2. determine the 2022 eps.
3. at what amount will the 2021 eps be presented in the 2022 comparative financial statements?

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Prepare the operating activities section—indirect method.(lo 4), apthe income statement of paxson company is presented here. paxson companyincome statementfor the year ended november 30, 2014sales revenue $7,600,000cost of goods sold beginning inventory$1,900,000 purchases4,400,000goods available for sale6,300,000 ending inventory1,600,000total cost of goods sold 4,700,000gross profit 2,900,000operating expenses selling expenses450,000 administrative expenses700,0001,150,000net income $1,750,000additional information: prepare the operating activities section—indirect 1. accounts receivable decreased $380,000 during the year, and inventory decreased $300,000.2. prepaid expenses increased $150,000 during the year.3. accounts payable to suppliers of merchandise decreased $350,000 during the year.4. accrued expenses payable decreased $100,000 during the year.5. administrative expenses include depreciation expense of $110,000.instructionsprepare the operating activities section of the statement of cash flows for the year ended november 30, 2014, for paxson company, using the indirect method. net cash provided $1,940,000

What common business mistake can cost you everything