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The Melon Company issues $529,000 of 9%, 10-year bonds at 104 on March 31, Year 1. The bonds pay interest on March 31 and September
The Melon Company issues $529,000 of 9%, 10-year bonds at 104 on March 31, Year 1. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. Calculate the net balance that will be reported for the bonds on the September 30, Year 1 balance sheet. (Round your intermediate answers to the nearest dollar.) $550,160 $549,102 $529,000 $551,218 Apricot Corporation has 10,000 shares of 12%, $108 par noncumulative preferred stock outstanding and 22,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $220,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) The dividend per share is $12.96 to preferred stock and $12.96 to common stock. The dividend per share is $12.96 to preferred stock and $4.11 to common stock. The dividend per share is $12.96 to preferred stock and $24.44 to common stock. The dividend per share is $8.91 to preferred stock and $4.11 to common stock
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