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please as wer everything. the last 2 are very small Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Daan Corporation wholesales repair products
please as wer everything. the last 2 are very small
Entries for Issuing Bonds and Amortizing Premium by Straight-Line Method Daan Corporation wholesales repair products to equipment manufacturers. On April 1, 2016, Daan Corporation issued $7,900,000 of 9-year, 12% bonds at a market (effective) interest rate of 11%, receiving cash of $8,344,221. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, 2016. For a compound transaction, if an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable Discount on Bonds Payable b. Journalize the entry to record the first interest payment on October 1, 2016, and amortization of bond premium for six months, using the straight-line method. The bond premium amortization is combined with the semiannual interest payment. (Round to the nearest dollar.) For a compound transaction, if an amount box does not require an entry, leave it blank. Dividends Per Share Imaging Inc., a developer of radiology equipment, has stock outstanding as follows: 13,000 shares of cumulative preferred 1% stock, $110 par, and 43,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $9,620; second year, $28,980; third year, $38,510; fourth year, $65,900. Compute the dividends per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, enter "0" 4th Year Preferred stock (dividend per share) Common stock (dividend per share) $ $ 1st Year 0.74 0 $ $ 2nd Year 1.45 * 0.23 $ $ 3rd Year 1.10 0.56 1.10 1.20 $ Feedback Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine what amount of current dividends that preferred stock should receive per year. Is the question asking for a per share amount or total amount per class of stock? EPS Junkyard Arts, Inc., had earnings of $300,800 for the year. The company had 26,000 shares of common stock outstanding during the year and issued 1,600 shares of $50 par value preferred stock. The preferred stock has a dividend of $6 per share. There were no transactions in either common or preferred stock during the year. Determine the basic earnings per share for Junkyard Arts for the year. Round answer to two decimal places. $ 14.13 x per share Feedback Check My Work Recall the definition of EPS. What impact does preferred stock have on EPS Step by Step Solution
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