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Please assist me with the following accounting question. Brief Exercise 11-11 Marin Inc.currently has 730,000 shares of common stock outstanding. Marin Inc. is considering these
Please assist me with the following accounting question.
Brief Exercise 11-11 Marin Inc.currently has 730,000 shares of common stock outstanding. Marin Inc. is considering these two alternatives to finance its construction of a new $1.75 millior 1. 2. Issuance of 175,000 shares of common stock at the market price of $10 per share. Issuance of $1.75 million, 7% bonds at face value. Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Issue Stock $1,630,000 Issue Bonds $1,630,000 Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (40%) Net income Outstanding shares 730,000 Earnings per shareStep by Step Solution
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