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Question 5 of 5 Question 5 of 5 View Policies Attempt in Progress Cullumber Company is considering these two alternatives for financing the purchase of
Question 5 of 5 View Policies Attempt in Progress Cullumber Company is considering these two alternatives for financing the purchase of a fleet of airplanes. -/13 2. Issue 63.000 shares of common stock at $48 per share. (Cash dividends have not been paid nor is the payrnent of any Con p Issue bonds at face value for S3.024an. It is that the Company will earn S834,Cm interest and taxes as a result Of this The company has an estimated tax rate Of and has 94.100 shares Of Stock Outstanding prior to the new financing- Determine the effect on net income and earnings per share for issuing Stock and issuing bonds. Assume the new shares or new bonds will fM the entire Start with Before Interest and Taxes to 2 $266. StM With
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
