future income tax benefit.
It cannot discriminate in favor of highly paid employees.
less than or equal to 10%.
buy common stock as an investment.
A change in the estimated life of a depreciable asset
is deducted from net income.
The repayment of bonds payable
basic earnings per share.
|1. Accounts payable decreases from $400,000 to $385,000.|
|2. An interest payment of $85,000 is made on a new debt issuance.|
|3. Capital expenditures of $35,000 are made for equipment used in day to day operations.|
|4. Dividends of $6,500 are received from a stock classified as available for sale.|