Entries by mary WAMBUGU

Larkins, Inc. leases equipment from Bostic for $30,000 per year for three years. The contract is signed on January 1, Year One and the first payment is made immediately.

August 26, 2019 in /by

Larkins, Inc. leases equipment from Bostic for $30,000 per year for three years. The contract is signed on January 1, Year One and the first payment is made immediately. The second payment will be made on January 1, Year Two. Larkins has an incremental borrowing rate of 10 percent and the present value of a […]

 

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A ration has 100,000 shares of common stock outstanding and 20,000 shares of nonconvertible preferred stock.

August 26, 2019 in /by

Aration has 100,000 shares of common stock outstanding and 20,000 shares of nonconvertible preferred stock. A dividend of $1 per share is distributed on the common stock and one of $2 per share is distributed on the preferred stock. Net income is $400,000 and the tax rate is 20 percent. The corporation also has 10,000 bonds with a […]

 

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he Monroe Corporation has 100,000 common shares issued and outstanding. This stock was issued several years ago at a price above the $10 per share par value.

August 26, 2019 in /by

he Monroe Corporation has 100,000 common shares issued and outstanding. This stock was issued several years ago at a price above the $10 per share par value. During the current year, the board of directors declared a 30 percent stock dividend so that 30,000 new shares were issued to the stockholders when the price of […]

 

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a Company has 100,000 shares of $10 par value common stock outstanding that was originally issued for $18 per share

August 26, 2019 in /by

a Company has 100,000 shares of $10 par value common stock outstanding that was originally issued for $18 per share. In the current year, when the price of this stock increased to $60 per share, the company’s board of directors issued a two-for-one stock split. The price of the stock immediately fell to $30 per […]

 

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