Answer:
The bond interest expense to be shown in profit or loss as t 30 June 2021
$9,838.56
Explanation:
The bond interest expense is the actual finance cost of using the funds made available by bondholders while the coupon payment is the portion of the finance cost paid to them periodically.
Interest expense=bonds cash proceeds*yield to maturity*6/12
bonds cash proceeds is $163,976
yield to maturity is 12%
interest expense=$163,976*12%*6/12=$9,838.56
Abc migrated to a Corporation type of company to reduce cost.
It can give the baby fetal alcohol syndrome
Answer:
The earnings per share for 2019 is $1.78
Explanation:
The computation of the earning per share is shown below:
Earning per share = (Net income) ÷ (weighted number of outstanding shares)
where,
Net income = $330,000
Weighted number of outstanding shares = (Beginning balance of common stock + ending balance of common stock) ÷ 2
= (160,000 shares + 210,000 shares) ÷ 2
= 185,000 shares
Now put these values to the above formula
So, the value would equal to
= $330,000 ÷ 185,000 shares
= $1.78 per share
