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Thanks fOR THE REPLY... For Question 1 The J/Entry to record the sale of capital asset is

Dr Cash 170000
Dr Accumulated Depreciation 55000 340000+138000-423000=55000
Cr...

In order to calculate EPS the formula is

EPS = Net income available to common shareholders/ Weighted average No. of common share holerders outstanding.

Hope this helps.

acca_123

I believe u just have to corss multiple in order to get answer

y/x = 2/3

2x = 3y

x = 3y/2

Hope this helps write back if u don't get it.

Hi Can any one help me out here to make sure I am doing it correct. I really appreciate it for any positive response.

Kyle.


1 MDC Ltd’s December 31, 20X7 balance sheet showed the following:
...