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On June 1, 2019 Adelphi Corporation issued $130,000 of 6%, 5-year bonds.The bonds which were issued at 105, pay interest on January 1 and June
- On June 1, 2019 Adelphi Corporation issued $130,000 of 6%, 5-year bonds.The bonds which were issued at 105, pay interest on January 1 and June 1.Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment.If this is discount amortization enter as a positivenumber.If this is premium amortization enter as a negative number.
- On December 31, 2018, AdelphiCorporation has outstanding 1,000 shares of $100 par value, 6% cumulative and nonparticipating preferred stock, and 19,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017.During 2018, Alpha distributed $50,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed perCommon Share.
- On March 1, 2019, Baltimore Corporation had 55,000 shares of common stock outstanding with a par value of $5 per share.On March 1, Baltimore Corporation authorized a 15% stock dividend when the market value was $14 per share. Use this information to calculate the amount either (debited) or credited to retained earnings.Enter as a negative number if retained earnings is debited and a positive number if retained earnings is credited
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