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Author Question: Wild Trails Inc, an adventure resort in Texas, has 500 shares of outstanding common stock and has ... (Read 122 times)

james0929

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on: Jul 14, 2018
Wild Trails Inc, an adventure resort in Texas, has 500 shares of outstanding common stock and has not issued any preferred stock. Net income is 27,500. Wild Trails Inc's earnings per share is _____.
 A) 55
  B) 0.018
  C) 13,750
  D) 27,000

Question 2

Although a partnership pays no income tax, the Internal Revenue Service requires partnerships to file an annual information return that states the amount of distributions made to each partner.
 
 Indicate whether the statement is true or false


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uniquea123

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Reply #1 on: Jul 14, 2018
Answer to Question 1

A

Answer to Question 2

True


james0929

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Reply 2 on: Jul 14, 2018
YES! Correct, THANKS for helping me on my review

meganmoser117

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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