3000 points for 100% correct answers! 2 calculations in ACCT304 need answers in 90 mins. …


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3000 points for 100% correct answers! 2 calculations in ACCT304 need answers in 90 mins. … 1 answer below » Question 1: Please identify the subtotals that would be reported on the income statement (including the amount) as Misty’s earnings per share (EPS)? Misty’s effective tax rate is 40% and there were 1,000 shares of common stock outstanding. Question 2: Listed below are account balances (in $millions) taken from the records of Symphony Stores. All of these are permanent accounts, except the
last two that have yet to be closed. The installment receivables are current. Symphony uses a perpetual inventory system. What would Symphony report View complete question » Question 1: Please identify the subtotals that would be reported on the income statement (including the amount) as Misty’s earnings per share (EPS)? Misty’s effective tax rate is 40% and there were 1,000 shares of common stock outstanding. Question 2: Listed below are account balances (in $millions) taken from the records of Symphony Stores. All of these are permanent accounts, except the
last two that have yet to be closed. The installment receivables are current. Symphony uses a perpetual inventory system. What would Symphony report as total assets? Hint: Don%u2019t forget to deduct the contra assets. What would Symphony report as total shareholders’ equity? Hint: You will need to deduct dividends. (Points : 15) Show step-by-step calculations plz! Need 100% correct answers and leave commments, I will choose the best answers. Need answers in 2 hours plz! View less » Dec 10 2013 02:48 AM

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