answers to acct3312 test1 - Paid in Capital Excess 2560 8...

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Problem 1 Cash Interest Amortizat $24,161,240 Yr1 $1,875,000 $1,932,899 $57,899 $24,219,139 Yr2 $1,875,000 $1,937,531 $62,531 $24,281,670 Yr3 $1,875,000 $1,942,534 $67,534 $24,349,204 10 points Cash $24,161,240 5 points Discount on Bond $838,760 Bond Payable $25,000,000 Interest Expense $1,937,531 5 points Discount on Bond $62,531 Cash $1,875,000 25000000 1.02 $25,500,000 $24,349,204 Loss $1,150,796 10 points Problem 2 Treasury Stock 24000 5 points Cash 24000 Cash 2520 5 points Treasury Stock 2400 Contributed Capital - TS 120 Cash 2240 10 points Contributed Capital - TS 120 Retained Earnings 40 Treasury Stock 2400 Common Stock 16000 10 points
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Unformatted text preview: Paid in Capital Excess 2560 8 Retained Earnings 640 Treasury Stock 19200 Problem 3 Net Income 280000 Wt. Avg 200000 0.42 1.1 91666.66667 220000 0.5 1.1 121000 242000 0.083333333 1 20166.66667 5 points 232833.3333 Basic =280000/232833.333 1.20257695 5 points Warrants 16000 20 320000 12800 3200 5 points Bonds =(.05*300000*.7)/(300*50) 0.7 5 points Preliminary =280000/(232833.333+3200) 1.18627313 Diluted =(280000+(.05*300000*.7))/(232833.333+3200+(300*50)) 1.15721684 2 points per number above (10 points)...
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