January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common stock was $11 per share on March 31, 2016, and averaged $11 per share during the quarter then ended. There was no change in the 71,105 shares of outstanding common stock during the quarter ended March 31, 2016. Net income for the quarter was $120,805. The diluted earnings per share for the quarter is $ (Round your answer 2 decimal places

Which of the following statements is true? a job costing system will have a separate work in process account for each of the major processes. a process costing system will have a single work in process account. a process costing system will have a separate raw materials account for each of the major processes. a process costing system will have a separate work in process account for each of the major processes.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

You wants to open a saving account.which account will grow his money the most