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31.10.2019 •
Business
Hutchins company had 200,000 shares of common stock, 50,000 shares of convertible preferred stock, and $2,000,000 of 10% convertible bonds outstanding during the current year. the preferred stock was convertible into 40,000 shares of common stock.during the current year, hutchins paid dividends of $1.00 per share on the common stock and $2.00 per share on the preferred stock. each $1,000 bond was convertible into 50 shares of common stock. the net income for the year was $1,000,000 and the income tax rate was 30%.basic earnings per share for the current year was (rounded to the nearest penny): a) 4.55b) 4.50c) 5.00d) 4.30
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Ответ:
The amount of embezzled funds
Explanation:
The net worth method is an approach to calculate the person's net worth which is totally based on person income, expenses or other assets. subtracting the liabilities from the assets gives the worth for the particular year.
By calculating the worth of person and liabilities help to find the money embezzle during that period. keeping eye on every assets and worth can easily determine the embezzle funds