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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objective 4: Compute earnings per share) Return to the Fisher Fine Coffees data in S11-3. Fisher Fine Coffees had 10,000 shares of common stock outstanding during 2014. Fisher Fine Coffees declared and paid preferred dividends of $5,000 during 2014. Report Fisher Fine Coffees’ earnings per share on the income statement. (Round all calculations to two decimal places.)
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S11-3
(Learning Objective 1: Prepare a complex income statement) Fisher Fine Coffees, Inc., reported the following items, listed in no particular order, at December 31, 2014 (in thousands):

Income tax of 35% applies to all items. Prepare Fisher Fine Coffees’ multi-step income statement for the year ended December 31, 2014. Omit earnings per share.
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