Part 6 Investment in Securities (#112,8.005) 20. On January 1, 2017, W Company putchased 30% of the common stock of N co mpany for 3,600,000 yuan, which corresponds to the underlying book value. Nc ompany has issued common stock only. At December 31, 2017, N company report ed net income for the year of 6,000,000 yuan and paid cash dividends of 800,00 Oyuan. W company uses the equity method to account for this investment. Question: What is the carrying value of W Company's investment in N company a fter N company declared net income and paid cash divi nds. Answer: yuan(1992,8.09) 16. On July 1, the company distributed additional 600,000 shares of common sto ck in exchange for cash. Then on Oct 1, the company issued an additional 100,00 O shares of common stock in exchange for cash. Earnings per share: yuan(10,5.05) *5Liabilities of Corporations (#399,18.003) On Jan 1, 2016, Orange Co. issued $1,000,000 of 12%, 3 year bonds payable at 1 03. Orange Co. will pay interests on Jan 1 and July 1. 17. How much interests expense would incur for Orange Co. in total over the life of the bonds? Answer:$ (139 14,6.03) 18. The bonds issued by Orange Co. are: (0421,3.03) A. issued at a premium B. issued at par c. issued at a discount D. none of the above is correct 19. How to record the first intererst payment for Orange Co. on the first interest pa yment date? Date Account name Post Ref. Debit Credit July 1, 2016