On June 1, 2019 Adelphi Corporation issued $245,000 of 6 , 5 year bonds The bonds which were issued at 101, 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 500 shares of $100 par value, 4 cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock Preferred dividends were paid in 2016 but were not paid in 2017 During 2018, Alpha distributed $30,000 in dividends Use this information to determine for 2018 the dollar amount of dividends that will be distributed perCommon Share Round answer to closest cent On March 1, 2019, Baltimore Corporation had 70,000 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 $18 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 The Common Stock account for Baltimore Corporation on January 1, 2018 was $50,000 On July 1, 2018 Baltimore issued an additional 8,000 shares of common stock The Common Stock is $5 par There was neither Preferred Stock nor any Treasury Stock Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $104,500 Use this information to determine for December 31, 2018 the amount ofEarnings per Share (rounded to the nearest cent) For the FY 2018, Dorchester Company's balance sheet included the following current items cash $29,000, accounts receivable $146,000, inventories $92,000, prepaid expenses $25,000, accounts payable $91,000, and accrued expenses $60,000 Use this information to determine the Current Ratio (Round enter your answers to one decimal place )

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

On June 1, 2019 Adelphi Corporation issued $245,000 of 6%, 5-year bonds.The bonds which were issued at 101, pay interest on January 1 and June

On June 1, 2019 Adelphi Corporation issued $245,000 of 6%, 5-year bonds.The bonds which were issued at 101, 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 500 shares of $100 par value, 4% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017.During 2018, Alpha distributed $30,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed perCommon Share.Round answer to closest cent.
On March 1, 2019, Baltimore Corporation had 70,000 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 $18 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.
The Common Stock account for Baltimore Corporation on January 1, 2018 was $50,000.On July 1, 2018 Baltimore issued an additional 8,000 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $104,500.Use this information to determine for December 31, 2018 the amount ofEarnings per Share (rounded to the nearest cent).
For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $29,000, accounts receivable $146,000, inventories $92,000, prepaid expenses $25,000, accounts payable $91,000, and accrued expenses $60,000.Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)