For the year ending on December 31, 2019, Aipom Inc. reported the following: Net income $500,000 Preferred stock outstanding: 3,000 shares Common stock outstanding: 350,000 shares Dividends to common: 100,000 Dividends to preferred: 60,000 Tax rate: 30% *Half of the preferred stocks are convertible with the ratio of 1 share of preferred stock to 20 shares of common stock Alpom's diluted EPS the year ending on December 31, 2019 is closet to: a $1.24 per share b. $1.26 per share OC $1 28 per share Vous page 45 46 47 48 49 Next page Lugia Publishing receives payments from customers as part of their subscription plans for magazines delivered to them every month for the year after the payments are made. Which of the following statement is most likely true? a These payments will be treated as deferred revenue and will decrease total assets b. These payments will be treated as accrued revenue and will increase total assets These payments will be treated as deferred revenue and will increase total bites Previous page 4047 48 40 50 Next page Finish attempt 49 of 60 Which of the following costs should not be capitalized to inventory? O a Normal spoilage O b: Salary of factory supervisor c Selling costs Unsure Previous page 47 48 49 50 51 Next page