Answer:
b.$296,500.
Explanation:
Calculation to determine what Greene should report as unamortized bond discount
First step is to calculate the discount amount
Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)
Discount Amount= $18,500
Now let determine the unamortized bond discount
Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500
Therefore Greene should report unamortized bond discount of $296,500
Answer:
are you named helen ? are you e mo?
Explanation:
i am lokk for gf RIGHT NOW
Current year Dividend (D0) = $3.20
Dividend for the first year (D1) = $3.20*(1.28) = $4.10
Dividend for the second year (D2) = $3.20*(1.28)^2 = $5.24
Dividend for the third year (D3) = $3.20*(1.28)^3 = $6.71
Dividend for the fourth year (D4) = $3.20*(1.069)^4 = $7.17
Price of the third year (P3) = $7.17/(0.16-0.069) = $78.83
Current Price of the year (P0) = $4.10/(1+0.16)^1 + $5.24/(1+0.16)^2 + $6.71/(1+0.16)^3 + $78.83/(1+0.16)^3
P0 = $64.34
Answer:
The value of interest is 7,387%
Explanation:
We will first deal with fund A. First we will deal with the first 5 years earning interest at 15%.
Using a financial calculator we enter the following keystrokes
n = number of years i = interest pmt = annual payments FV = future value
n = 5 i = 15% pmt = 100 COMP FV
FV = 674,23
Now we wil use 674,23 as our Present Value (PV).
n = 8 PV = 674,23 i = 6% pmt = 100 comp FV
FV = 2064,36
Now we use this figure as the FV in Fund B to determine the interest rate.
n = 13 FV = 2065,36 pmt = 100 comp I *Note that either payments or FV needs to be entered as a negative otherwise the calculator will give you an error.
Interest = 7,387%
Answer:
$100
Explanation:
As we know that:
Paid-in Capital = Amount Received - Common stock at par value
During the issuance of common shares:
Here the par value given is $6 per share, so the total common stock value for 100 shares is $600 (100 shares * $6 per share) and the amount received is $700 when the common stock was issued.
So by putting the value in the above equation we have:
Paid in Capital = $700 - $600 = $100
Entry of issuance of shares:
Dr Cash $700
Cr Common stock $600
Cr Paid in capital $100
So now remember that the maximum decrease in paid in capital to repurchase of common stock would be by $100 because this is the amount that is related to purchased common stock of 100 quantity.
So if the company purchases its common stock higher than the value it was issued before then it will decrease the paid in capital by the amount that is related to the stocks that have increased paid in capital (100 shares increased the paid in capital by $100) and the resultant would be deducted from the retained earnings.
The journal entry of Purchase of Treasury
Dr Common Stock $600 .... Decrease in Com.Stock at par value ($6*100)
Dr Paid in Capital $100 .... Decrease in APIC at associted share ($7-$6)
Dr Retained Earnings 300 .... Remainder ($1000-$600at par - $100Paid In)
Cr Cash $1,000