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King Inc is considering these two alternatives to finance its construction of a new $1.00 million plant There currently are 600.000 number of shares of common stock outstanding 1 2 (a) suance of 100.000 shares of common stock at the market price of $10 per share hsuance of $1.00 million, 5% bonds at face value Complete the table (Round eamings per shore to 2 decimal places, eg $2.663 Incone before interest and taves Interest expense from bonds Income before income taxes Income tax expense (30% Net Income Outstanding shares Earnings per share eTextbook and Media Issue Stock $1.500.000 Bonds $1.500.000 100 Attempts: 0 of 3 used

King Inc is considering these two alternatives to finance its construction of a new $1.00 million plant There currently are 600.000 number of shares of common stock outstanding 1 2 (a) suance of 100.000 shares of common stock at the market price of $10 per share hsuance of $1.00 million, 5% bonds at face value Complete the table (Round eamings per shore to 2 decimal places, eg $2.663 Incone before interest and taves Interest expense from bonds Income before income taxes Income tax expense (30% Net Income Outstanding shares Earnings per share eTextbook and Media Issue Stock $1.500.000 Bonds $1.500.000 100 Attempts: 0 of 3 used

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kingbirl, Inc. is considering these two alternatives to finance its construction of a new $1.00 million plant: There currently are 600,000 number of shares of common stock outstanding 1 2 (a) suance of 100.000 shares of common stock at the market price of $10 per share Issuance of $1.00 million, 5% bonds at face value Complete the table (Round earnings per share to 2 decimal places, eg. $2.66) Issue Stock Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expere (30%) Net income Outstanding shares Earnings per share eTextbook and Media Le for Late $1,500,000 $ Issue Bonds $1,500,000 Attempts: 0 of 3 used Ar (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
Transcribed Image Text:Kingbirl, Inc. is considering these two alternatives to finance its construction of a new $1.00 million plant: There currently are 600,000 number of shares of common stock outstanding 1 2 (a) suance of 100.000 shares of common stock at the market price of $10 per share Issuance of $1.00 million, 5% bonds at face value Complete the table (Round earnings per share to 2 decimal places, eg. $2.66) Issue Stock Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expere (30%) Net income Outstanding shares Earnings per share eTextbook and Media Le for Late $1,500,000 $ Issue Bonds $1,500,000 Attempts: 0 of 3 used Ar (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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