For 2025, Anex Corp. reported net income of $51,000, net sal…

For 2025, Anex Corp. reported net income of $51,000, net sales of $76,000, beginning common shares outstanding of 44,000, and ending common shares outstanding of 20,500. Anex Corp. also declared a dividend for common stock holders of $0.77 per share on December 31st, 2025. What is the 2025 earnings per share?

Bucky Badger is trying to answer questions from the CFO of t…

Bucky Badger is trying to answer questions from the CFO of the WSB Corporation.  Bucky has the following information. Beginning Retained Earnings for 2025 is $35,000. During 2025, WSB  sold merchandise to customers for $40,000 cash.  Additionally WSB sold merchandise to customers for $50,000  on account (all of which will be received by WSB in 2026).    Dividends were $12,000.  Retained Earnings at the end of 2025 are $50,000. What was the amount of expenses incurred during 2025?

Red and White Corporation had 500 units of Product #1 in its…

Red and White Corporation had 500 units of Product #1 in its inventory at a cost of $5 each. It purchased 300 more units of Product #1 for $2,400. Red and White then sold 600 units at a selling price of $10 each, resulting in a gross profit of $2,100. The cost flow assumption used by Red and White