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May you please help me with this, thank you Bentwood Inc, issued, $100,000,6%,5 year bonds at 97 . The journal entry that Bentwood Inc. would
May you please help me with this, thank you
Bentwood Inc, issued, $100,000,6%,5 year bonds at 97 . The journal entry that Bentwood Inc. would record for the issuance of the bonds would include a: Credit to Bonds Payable for $97,000. Credit to Discount on Bonds Payable for $3,000. Credit to Bonds Payable for $100.000, Debit to Cash for $100.000. Both A and B Question 22 Dammer Corporation needs to raise $2,200,000. The corporation plans to sell 5%, 10 -year bonds at the face value of $2,200,000 on January 1 of the current year. Dammer Corporation currently has 120,000 shares of stock outstanding and will generate net income of $1,200,000 in the current year. The $2,200,000 from the bond sale is expected to generate additional income of $1,000,000 before interest and taxes for the current year. The income tax rate is 20%. What are the earnings per share for the current year after consideration of the sale of the bonds? (Round your final answer to the nearest cent.) $17.42 $18.90 $10 $15.93 None of the above Step by Step Solution
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