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    rzehner27's Avatar
    rzehner27 Posts: 3, Reputation: 2
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    #1

    Apr 6, 2013, 10:51 PM
    Income Statement
    Big Blue University has a fiscal year that ends on June 30. The 2010 summer session of the university runs from June 8 through July 27. Total tuition paid by students for the summer session amounted to $111,000.

    (a) How much revenue should be reflected in the fiscal year ended June 30, 2010?
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    rzehner27 Posts: 3, Reputation: 2
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    #2

    Apr 6, 2013, 10:53 PM
    Income Statement
    Ringemup, Inc. had net income of $473,300 for its fiscal year ended October 31, 2010. During the year the company had outstanding 38,000 shares of $3.40, $45 par value preferred stock, and 107,000 shares of common stock.

    Calculate the basic earnings per share of common stock for fiscal 2010.
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