10. Tolleson Enterprises buys a computer system for $2,400,000 and pays the vendor $160,000 to install the computer system. Tolleson should record: a) $2,400,00 as equipment and $160,000 as expenses b) $2,560,000 as expenses c) $2,240,000 as equipment and the rest as expenses d) $2,560,000 as equipment e) None of the above. 11. The primary difference between ordinary repairs and extraordinary repairs is: a) Ordinary repairs cost less. b) Ordinary repairs are expenditures for routine maintenance and upkeep, whereas extraordinary repairs increase an assets economic usefulness in the future through increased efficiency, capacity, or longer life. c) Extraordinary repairs only maintain the asset for a short time, whereas ordinary repairs increase the usefulness of assets beyond their original condition. d) Extraordinary repairs are expenditures, not expenses. e) None of the above 12. Ultimate Gamer reported the following amounts in its annual financial statements: Year 1 Number of common shares Year 2 11,600 11,800 Net income $25,740 $20,740 Cash dividends paid on common $3,200 $3,200 stock Total stockholders' equity $260,000 $240,000 For Year 2, EPS is a) $2.22 b) $2.20 c) $1.77 d) $1.75 e) None of the above.