Basic Accounting Practice #1a
Net LR = 166,000/(339,000-6,000) = 51.39% but the answer sheet says 46.8%
Net COR answer sheet says EP = WP - change UEP = 355,000 but shouldn't this be (339,000-16,000)=323,000? Same calculation as Net LR?
Then the EP = 355,000 carries over to the Net Income calculations
Comments
Never mind, I did not see the double minuses