purution i3 attuurnted 18r as a debit to Cash and a credit to O Investment in Wellington O retained earnings dividends revenue O Income from Wellington Corporation QUESTION 15 8 P Company X has financing of $5,000,000 of 9 % bonds payable, issued at face value. It also has $20 par common stock (150,000 shares) issued for a total of $3,000,000. Company Y has financing of $3,000,000 of 9% bonds payable, issued at face value. It also has $20 par common stock (150,000 shares) issued for a total of $3,000,000. Income tax is at a 40% rate. Assuming income before bond interest and income taxes is $1,500,000. What is the carnings per share for Company X? Use the following format for your nswer: $1.23. 6 poim QUESTION 16 Which of the following is not a prerequisite to paying a cash dividend? O formal action by the board of directors Omarket value in excess of nar value ner share Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers