Answer: See explanation
Explanation:
1. Determine the total compensation cost pertaining to the restricted shares.
This will be:
= 15 million × $6
= $90 million
2. Prepare the appropriate journal entries related to the restricted stock through December 31, 2022.
December 31, 2021
Dr Compensation expense = 90/2 = $45 million
Cr Paid-in capital—restricted stock = $45 million
December 31, 2022
Dr Compensation expense = $45 million
Cr Paid-in capital—restricted stock = $45 million
December 31, 2022
Dr Paid-in capital—restricted stock = $90 million
Cr Common stock = $15 million
Cr Paid-in capital—excess of par = $75 million
Answer:
- Dr Dividends Declared 12,300
- Cr Dividends Payable 12,300
Explanation:
First we must determine how many shares are outstanding:
23,000 shares issued - 5,000 shares held= 18,000 shares outstanding
Then we multiply shares outstanding times dividends per share:
18,000 shares outstanding x $0.70 per share = $12,300
- Dr Dividends Declared 12,300
- Cr Dividends Payable 12,300
Answer:
The answer is C.
Explanation:
The coupon payment is annual, meaning it is being paid once a year.
N(Number of years/Number of periods) = 40(20 x 2)
I/Y(Yield-To-Maturity) = ?
PMT(coupon payment) = $40[(80÷2/100) x $1,000]
FV(Future value/Par value) =$1,000
PV(present value or market value) = -828
Now to solve this, lets use a financial calculator (e.g Texas BA II plus)
N= 40; I/Y = ?; PMT = $40; FV = $1,000; CPT PV = -828
The cost of debt is 5%
Note that this is for semiannual. The annual cost of debt is therefore, 10%(5% x 2)
A panel discussion is a form of conference. It typically has differing members participating and is in front of an audience. Hopefully this helps!
It should be live on the web in only a few minutes.
Explanation:
The app developer for small companies has officially been announced by Google. The new tool called simply "Website" is free and gives small business owners an opportunity to create and produce websites on a laptop or mobile phone in minutes.
60 per cent of small companies in the world don't have their own websites, according to Google. With the launch of the new website creator, Google is clearly trying to increase that number.
Website is an expansion of Google My Business. You will therefore need a full GMB database to use the application. To create a website, Google automatically pull details from your GMB listing and can then be personalized with subjects, photographs and text.
