Marshall Enterprises issued $800,000 of 5-year, zero-coupon notes on January 1 when the market yield was 3% per semiannual period. The bond agreement stated that compounding was semiannual. The issue price of the notes was $595,275.

How much interest expense will the company report on its income statement during the first year?

Select one:

a. $47,280

b. $36,252

c. $35,181

d. $35,717

Easton Inc. reported the following information at December 31:

Preferred Stock, $2.00 par, 10,000 shares authorized	$4,320
Additional paid-in capital preferred stock	4,752
Common stock, $1.00 par, 6,000 shares authorized	1,440
Additional paid-in capital common stock	3,480
Retained earnings	6,800
Treasury stock, at cost of $4 per share	(800)
Total	$19,236

How many shares of common stock are outstanding?

Select one:

a. 5,800

b. 1,240

c. 1,640

d. 1,440

Benjamin Inc. reported the following information at December 31:

Preferred Stock, $2.00 par, 10,000 shares authorized	$4,320
Additional paid-in capital preferred stock	4,752
Common stock, $1.00 par, 6,000 shares authorized	1,440
Additional paid-in capital common stock	3,480
Retained earnings	6,800
Treasury stock, at cost of $4 per share	(800)
Total	$19,992

Benjamin Inc.s common stock was selling for $12 per share at year-end. If the company declares a 10% common stock dividend, what will be the amount of total shareholders equity at year-end?

Select one:

a. $19,992

b. $17,280

c. $27,192

d. $21,720

During the year, Lakeshore Company issued 4,800 shares of its $0.50 par value common stock for $7.50 per share, and declared and paid cash dividends totaling $0.50 per share.

By what amount does contributed capital increase as a result of these events?

Select one:

a. $36,000

b. $33,600

c. $7,200

d. $28,800