Question
1/ The stockholders equity of TVX Company at the beginning of the day on February 5 follows: Common stock$10 par value, 150,000 shares authorized, 69,000
1/ The stockholders equity of TVX Company at the beginning of the day on February 5 follows:
Common stock$10 par value, 150,000 shares authorized, 69,000 shares issued and outstanding | $ | 690,000 | |
Paid-in capital in excess of par value, common stock | 525,000 | ||
Retained earnings | 675,000 | ||
Total stockholders equity | $ | 1,890,000 | |
On February 5, the directors declare a 16% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $41 per share on February 5 before the stock dividend. The stocks market value is $35 per share on February 28.
One stockholder owned 600 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholders shares immediately before and after the stock dividend of February 5. (Round your "Book value per share" answers to 3 decimal places.)
Before | After | |
Book value per share | $27.391 | |
Total book value of shares | $ |
2/ Required information
The following information applies to the questions displayed below.]
Duval Co. issues four-year bonds with a $101,000 par value on January 1, 2017, at a price of $96,990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31.
. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)
Semiannual | Unamortized | Carrying |
Period-End | Discount | Value |
1/01/2017 | ||
6/30/2017 | ||
12/31/2017 | ||
6/30/2018 | ||
12/31/2018 | ||
6/30/2019 | ||
12/31/2019 | ||
6/30/2020 | ||
12/31/2020 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started