The Rainmaker Entertainment Inc. 2011 financial statements appear on My Accounting lab. Answer the following questions about
Question:
1. What classes of shares has Rainmaker Entertainment Inc. issued? How many shares are authorized and how many are issued and outstanding?
2. What is the book value per share at December 31, 2011? The market price of the shares closed at $0.44 on that date. Why is the market price different from the book value per share?
3. What did Rainmaker Entertainment Inc. earn per common share in 2011? Where did you find that information?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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1 Note 12 in the financial statements indicates that Rainmaker Entertai...View the full answer
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Related Book For 
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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