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May you please help me with this, thank you Sabik Corporation has 10,500 shares of 8%,$50 par value, cumulative preferred stock outstanding as well as
May you please help me with this, thank you
Sabik Corporation has 10,500 shares of 8%,$50 par value, cumulative preferred stock outstanding as well as 20.000 shares of $10 par value common stock issued and 5,000 shares of common stock repurchased as treasury stock at the end of the third year of operations. During the first, second. and third years of operations, $5,000,$50,000, and $90,000 in dividends, respectively, were paid. The dividends per share paid to the common stockholders of Sabik Corporation in year three amounted to (round to the nearest penny): $3.20. 50.95. $1.27 52.40. None of the above. Question 7 4pts On January 1, 2020 Jinn Inc, issued 10-year, 10\% $100,000 bonds for 105 , because the market rate of interest on that date was 8%. The bonds pay interest annually on December 31 st each year. One year later on January 1, 2021, Jinn Inc. retires the $100,000 bonds by repurchasing them in the market for $106,000. What is the amount of gain or loss on the retirement of the bonds? $1,000 loss $500 gain $1.000 gain $2.600 loss $2,600 gain Step by Step Solution
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