Question
In a noninterest-bearing note, the amount borrowed is which of the following? A) face value of the note B) face value of the note less
In a noninterest-bearing note, the amount borrowed is which of the following?
A) face value of the note
B) face value of the note less the discount on note payable
C) face value of the note plus a premium on the note payable
Speed Inc. reported a net income equal to $15,000. The dividends declared & paid to the preferred shareholders equaled $ 5,000 and paid the common stockholders a dividend of $8,000. Speed Inc. had 10,000 shares outstanding all year long. What value is Speed Inc.'s earnings per share?
A) $ .50
B) $ 1.00
C) $ 1.50
D) $ .20
D) face value of the note less interest expense calculated at the face rate of interest
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