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1. 2. A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31.
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A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recognized on June 30, 2019? $392.083 $390.000 O $780,000 O $400,000 O Colson Inc. has 4,000 shares of 9%, $100 par value, cumulative and nonparticipating preferred stock and 200,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. There were no unpaid preferred dividends before 2019. The board of directors declared and paid a $27,000 dividend in 2019. In 2020, $74,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020? $0 $27,000 $29,000 $36,000Step by Step Solution
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