Answer:
$17,667
Explanation:
Premium on bonds
= $454,000 - $450,000
= $4,000
Cash interest paid
= $450,000 × 8% × 6/12
= $18,000
Amortization of premium for each period
= $4,000 ÷ 12
= $333
Therefore,
Interest expense
= $18,000 - $333
= $17,667
Answer:
1. Penny Stock
2. Blue chip stock
3. Common stock
4. Preference Stock
5. Dividend
6. Fixed dividend payment
7. Downturn
8. Issue
Explanation:
1. Considered the first and lowest level of stocks: Penny Stock
2. Probably the safest investment; corporations can withstand a downturn in the economy issue: Blue chip stock
3. The most basic stock a company will issue; it carries higher risks than other stocks downturn: Common stock
4. The owners of this type of stock will collect their dividends first, before the owners of common stock: Preference Stock
5. A share of profits received by a shareholder: Dividend
6. a financial return that has a set limit: Fixed dividend payment
7. a dip in the market: Downturn
8. the act of a company selling stock : Issue
Answer:
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Answer:
Stockholders' equity at the end of the year was $110,000.
Explanation:
Beginning Balance of Stockholder's Equity = $40,000
Net Income for the year = $90,000
Dividend declared in the year = $20,000
Ending Balance of Stockholder's Equity = Beginning Balance of Stockholder's Equity + Net Income for the year -Dividend declared in the year
Ending Balance of Stockholder's Equity = $40,000 + $90,000 - $20,000
Ending Balance of Stockholder's Equity = $110,000