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Unformatted text preview: Assume corporation does not pay income taxes. 1. How much did Julie invest in the corporation? 2. What was the net income in 2009 3. What balance will be reported for retained earnings at the end of 2009? 4. What is the book value of the building at the end of 2009? 5. What is the estimated life of the building? 6. How many shares of stock were issued to Julie? 7. What is earnings per share for 2009? 8. What is rate of return on initial investment (ROI)? 9. What is return on beginning equity (ROE)?...
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- Spring '09