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Sleeping Bear Travel, Incorporated, is trying to decide between the following two alternatives to finance its new $ 1 5 million gaming center: Issue $
Sleeping Bear Travel, Incorporated, is trying to decide between the following two alternatives to finance its new $ million gaming center: Issue $ million, note. Issue million shares of common stock for $ per share. Required: Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternative.
Sleeping Bear Travel, Incorporated, is trying to decide between the following two alternatives to finance its new $ million gaming center:
Issue $ million, note.
Issue million shares of common stock for $ per share.
Required:
Assuming the note or shares of stock are issued at the beginning of the year, complete the income statement for each alternative.
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