On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulative preferred stock outstanding. On February 28, 2021, Brisbane purchased 16,000 shares of common stock on the open market as treasury stock paying $32 per share. Brisbane sold 5,200 treasury shares on September 30, 2021, for $37 per share. Net income for 2021 was $172,905. Also outstanding during the year were fully vested incentive stock options giving key officers the option to buy 42,000 common shares at $32. The market price of the common shares averaged $42 during 2021.

Required: Compute Brisbane's basic and diluted earnings per share for 2021.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%