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This question has two parts: A: B: The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):
This question has two parts:
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: $ 290 Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense 68 Depreciation in the tax return using MACRS: The applicable tax rate is 34%. There are no other temporary or permanent differences 100 Franklin's taxable income ($ in millions) is: O $261 O $32 O $100. $258. Dublin Inc. had the following common stock record during the current calendar year Outstanding-beginning of year 2,700,000 Additional shares issued 6/30 - 260.000 Additional shares issued 9/30 260.000 A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? O 3,113,000 O 2,895,000 O 3,184,500 O 3,256,000 A:
B:
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