Grace Corp. suffered a net loss in 2020 of $250,000. The company has 230,000 common shares outstanding as of January 1, 2020, and declared a 1-for-2 reverse stock split on March 31. In addition, the company bought 11,500 shares for the treasury on August 31, 2020, and 4,600 shares of stock were issued on November 1, 2020, in exchange for legal services. The company had 2,300 shares of 5%, $10 par, cumulative, nonconvertible preferred stock for the year 2020. No common or preferred stock dividends were declared in 2020.
Compute the required EPS amount.
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Pederson company reported the following: manufacturing costs $480,000 units manufactured 8,000 units sold 7,500 units sold for $90 per unit beginning inventory 2,000 units what is the average manufacturing cost per unit? (round the answer to the nearest dollar.)
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The stock of grommet corporation, a u.s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u.s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u.s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u.s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?
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Grace Corp. suffered a net loss in 2020 of $250,000. The company has 230,000 common shares outstandi...
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