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Brief Exercise 11-13 (Part Level Submission) Sage ill Inc. is considering these two alternatives to finance its construction of a new $1.05 million plant: NMENT
Brief Exercise 11-13 (Part Level Submission) Sage ill Inc. is considering these two alternatives to finance its construction of a new $1.05 million plant: NMENT RESOURCES ter 11 Homswork rief Exercise 11-04 ief Exercise 11-13 Part Level Submission) Issuance of 105,000 shares of common stock at the market price of $10 per share. 1. 2. Issuance of $1.05 million, 5% bonds at face value. 2o It Review 11-01a Do It Review 11-02b Do ItL Beview 11-03 Exercise 11-11 Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) view Score eview Results by Study pbiective Issue Stock Issue Bonds Income before interest and taxes $1,651,000 $1,651,000 Toterest expene from bands Tecome beforeincome taxes tnicome taxexpense (30% ) Net income Outstanding shares 805,000 Earnings per share INK TO a .200201 nwiescJsAohte Reserved. A Division of 1chn Wile&Sans Ts ye here to search
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