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Question 3 The following information is available for Barone Corporation: Not yet answered Points out of 3.34 Remove flag January 1, 2016 Shares outstanding 2,000,000
Question 3 The following information is available for Barone Corporation: Not yet answered Points out of 3.34 Remove flag January 1, 2016 Shares outstanding 2,000,000 April 1, 2016 Shares issued for cash 320,000 July 1, 2016 Treasury shares purchased 120,000 October 1, 2016 Shares issued in a 2:1 stock split 2,200,000 The number of shares to be used in computing earnings per common share for 2016 is: Select one: c a. 4,360,000 o b. 2,730,000. o c. 4,520,800. 1 d. 4.380,000. Which of the following is included in the investing section of the statement of cash flows? Question 6 Not yet answered Points out of P Flag question Select one: a. Change in dividends payable. O b. Change in property, plant, and equipment o c. Change in salaries payable. d. All of the above. Question 7 Not yet answered Which of the following temporary differences between pretax financial income and taxable income ordinarily creates a deferred tax asset? Points out of P Flag Question Select one: O a. Accrued revenues. o b. Accrued warranty costs. c. A newly acquired asset is depreciated on an accelerated basis for tax reporting purposes, but on a straight-line basis for financial reporting purposes. o d. Prepaid insurance
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