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Need answers only for both please . Thanks Volutia Corporation's comparative financial statements included the following aimounts for the current year Compute net cash provided
Need answers only for both please . Thanks
Volutia Corporation's comparative financial statements included the following aimounts for the current year Compute net cash provided by operating activities using the indirect method. A. $31,000 B. $79,000 C. $234,000 D. $196,000 Austin Products reported $370,000 net income for the year with 100,000 common shares outstanding all year. Austin also had 60,000 shares of $100,8% convertible preferred shares outstanding all year. Each preferred share is convertible into 10 shares of common stock. Determine the numerator for both basic and diluted EPS. A. basic EPS $370,000(60,000$1008%); diluted EPS $370,000(60,000$1008%) B. basic EPS $370,000; diluted EPS $370,000 C. basic EPS $370,000(60,000$1008%); diluted EPS $370,000+(60,000$1008%) D. basic EPS $370,000(60,000$1008%); diluted EPS $370,000 Step by Step Solution
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