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Savor Co. had $100,000 in accrual basis pretax income for the year. At year end, accounts receivable had increased by $10,000 and accounts payable had
Savor Co. had $100,000 in accrual basis pretax income for the year. At year end, accounts receivable had increased by $10,000 and accounts payable had decreased by 56,000 from their prior year-end balances. Under the cash basis of accounting, what amount of pretax income should Savor report for the year? $104.000 0 584,000 $116.000 596,000 - On January 1 of the current year, a corporation had 10,000 shares of common stock outstanding on March 30, the corporation issued 4.000 more shares of stock. There were no other changes in the number of shares outstanding. What is the weighted-average number of shares that should be used to calculate basic earnings per share? O 12.000 13.000 10,000 O 14.000
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