Ints) during 2018, falwell inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. the preferred stock has a par value of $100 per share. falwell did not declare or pay any dividends during 2018.falwell's net income for the year ended december 31, 2018, was $2.5 million. the income tax rate is 40%. falwell granted 10,000 stock options to its executives on january 1 of this year. each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. the options vest after one year. the market price of the common stock averaged $30 per share during 2018.what is falwell's basic earnings per share for 2018, rounded to the nearest c

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

Camilo is a self-employed roofer. he reported a profit of $30,000 on his schedule c. he had other taxable income of $5,000. he paid $3,000 for hospitalization insurance. his self-employment tax was $4,656. he paid his former wife $4,000 in court-ordered alimony and $4,000 in child support. what is the amount camilo can deduct in arriving at adjusted gross income (agi)?

What effects does this journal entry have on the accounts? decrease cash and increase land decrease cash and decrease land increase cash and increase land increase cash and decrease land?