Selected information from Peridot Corporation's accounting records and financial statements for 2013 is as follows...
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Accounting
Selected information from Peridot Corporation's accounting records and financial statements for 2013 is as follows ($ in millions):
Cash paid to acquire machinery
$40
Retired common stock
56
Proceeds from sale of land
94
Gain from the sale of land
53
Investment revenue received
75
Cash paid to acquire office equipment
89
In its statement of cash flows, Peridot should report net cash outflows from investing activities of:
rev: 01_03_2013
$35 million.
$44 million.
$113 million.
$90 million.
Black Enterprises reported the following ($ in 000s) as of December 31, 2013. All accounts have normal balances.
Deficit
1,900
Common stock
2,800
Paid-in capital-stock options
1,600
Treasury stock at cost
280
Paid-in capital-excess of par
31,900
During 2014 ($ in 000s), net income was $9,900; 25% of the treasury stock was resold for $480; cash dividends declared were $630; cash dividends paid were $480.
What ($ in 000s) was shareholders' equity as of December 31, 2013?
$37,920.
$32,520.
$34,680.
$34,120.
Popeye Company purchased a machine for $500,000 on January 1, 2012. Popeye depreciates machines of this type by the straight-line method over a five-year period using no salvage value. Due to an error, no depreciation was taken on this machine in 2012. Popeye discovered the error in 2013. What amount should Popeye record as depreciation expense for 2013? The tax rate is 40%.
$200,000
$100,000
$120,000
$60,000
Dulce Corporation had 190,000 shares of common stock outstanding during the current year. There were also fully vested options for 12,500 shares of common stock were granted with an exercise price of $20. The market price of the common stock averaged $25 for the year. Net income was $4.3 million. What is diluted EPS? (Round your answer to 2 decimal places.)
$22.34.
$24.23.
$22.63.
$21.23.
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