Meribeth Inc. had 680,000 shares of common stock issued and outstanding at January 1, 2020. On July 1, 2020, an additional 40,000 shares of common stock were issued for cash. Meribeth also had unexercised stock options to purchase 32,000 shares of common stock at $15 per share outstanding at the beginning and end of 2020. The average market price of Meribeth's common stock was $20 during 2020. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2020

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.