hi please help me with these question. i like to know the step by step calculation due date April 5th at 4.00 pm

WEEK 2 assume that companies follow IFRS unless otherwise stated. 1. At December 31, 20X5, Quintessential Accounting Corp. (QAC) had 1,000,000 common shares authorized, 800,000 common shares issued and 700,000 common shares outstanding. During 20X5, the average number of common shares outstanding was 750,000. On December 15, 20X5, QAC declared a dividend of $1 per common share to shareholders of record on December 31, 20X5, payable on January 15, 20X6. What amount will be paid out by QAC to the common shareholders as a result of this dividend? Assume QAC is incorporated in the province of British Columbia. a) $700,000 b) $750,000 c) $800,000 d) $1,000,000 2. Horses Forever Corp. (HFC) exchanged 10,000 of its common shares for equipment with a fair value of $250,000. At date of issue, HFCs shares were actively trading on the stock market at $25.50. Legal costs directly associated with the share issue were $1,000. The legal fees were accounted for using the offset method. What is the net amount that will be credited to HFCs common share account as a result of this transaction? a) $249,000 b) $250,000 c) $254,000 d) $255,000 Module 5.2 Intermediate Financial Reporting 2 Week 2 Quiz 3 / 4 3. On December 1, 20X5, Bleay Inc. declared a cash dividend of $400,000 to be paid on December 31, 20X5. These dividends were payable to shareholders of record at December 15, 20X5. Bleays capital structure included the following: ? 100,000 common shares issued ? 10,000 Series A non-cumulative preference shares, each entitled to a dividend of $4 per year ? 10,000 Series B cumulative preference shares, each entitled to a dividend of $3 per year Dividends on all classes of shares were last paid on December 31, 20X3. What is the total amount of the 20X5 dividend payable to the common shareholders? a) $260,000 b) $290,000 c) $300,000 d) $330,000 4. On January 1, 20X6, Red Leaf Corp. granted 1,000 cash-settled SARs to its employees with a benchmark price of $30. The SARs vested on December 31, 20X7, and will expire on December 31, 20X9. In 20X7, 100 SARs were forfeited. Red Leafs year end is December 31. Pertinent details of the SARs are as follows: Date Fair value of each SAR January 1, 20X6 $3 December 31, 20X6 $4 December 31, 20X7 $6 What is the compensation expense recognized by Red Leaf for the year ended December 31, 20X7? a) $1,500 b) $3,400 c) $4,000 d) $5,400 Module 5.2 Intermediate Financial Reporting 2 Week 2 Quiz 4 / 4 5. On January 1, 20X6, Jane Ltd., a publicly accountable enterprise, issued (sold) a $1,000,000, 4%, five-year bond that pays interest semi-annually at par. Expenses directly attributable to the issuance of the bonds were $20,000. Net proceeds were thus $980,000 ($1,000,000 $20,000). At the option of the holder, each bond may be converted into five common shares on December 31, 20X8. At the time of issuance, the market rate of interest for similar bonds sold without the conversion option was 4.5%. On January 1, 20X6, what amount will Jane recognize for the debt component of this compound financial instrument? a) $957,834 b) $958,278 c) $977,834 d) $980,000