A10 Waterway Corporation has 41,500 shares of $10 par value common stock outstanding. It declares a 15% stock dividend on December1 when the market price per share is $16. The dividend shares are issued on December 31.Prepare the entries for the declaration and issuance of the stock dividend. (Record journal entries in the order presented in the problem.Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" forthe account titles and enter o for the amounts.)DateAccount Titles and ExplanationIDebitCreditF

The dividend is declared to the shareholders from the retained earnings of the business. The stock…

Answered: Waterway Corporation has 41,500 shares…

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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1. EX. 14.01.ALGO 2. EX.14.02 3. EX.14.03 4. EX.14.04 5. EX.14.05.BLANKSHEET.AL... 6. EX.14.06.BLANKSHEET.AL... 7. EX.14.07.BLANKSHEET.AL... 8. EX.14.08.BLANKSHEET.AL... 9. EX.14.09.BLANKSHEET.AL... 10. EX.14.11.BLANKSHEET.A... 11. EX.14.14.ALGO 12. PR.14.04.BLANKSHEET.A... 13. PR.14.02.BLANKSHEET.A... C Effect of Financing on Earnings per Share Henriksen Co., which produces and sells biking equipment, is financed as follows: Bonds payable, 10% (issued at face amount) $1,000,000 Preferred $2 stock, $20 par 1,000,000 Common stock, $25 par 1,000,000 Income tax is estimated at 40% of income. Determine the earnings per share of common stock, assuming that the income before bond interest and income tax is (a) $470,000, (b) $570,000, and (c) $670,000. Enter answers in dollars and cents, rounding to two decimal places. a. Earnings per share on common stock $ b. Earnings per share on common stock $ c. Earnings per share on common stock $ JAN 20 A I 0.28 1.3 W X P
J 7 Choose from list of answer choices and show/explain work.
How to solve:S= 1/1.06[1-1/(1.06)^20]/1-1/1.06
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Bermuda Cruises issues only common stock and coupon bonds. The firm has a debt-equity ratio of 1.41. The cost of equity is 13.5 percent and the pretax cost of debt is 7.6 percent. What is the capital structure weight of the firm's equity if the firm's tax rate is 25 percent?
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Ass gnment2 -IntACCT403 - Mcrosoft Word عرض أبجد هوز أبجد هوز أيجد هوز . هور أبجد هوز 南 ,三,三 |,Aa A 1 olgic -加一、三■== - A - ay - A العنوان 2 ülgic scli , 1 blasi Answer ANY 2 from the following Questions Q.1. You are an investment analyst domiciled in Country Z doing a cross-country comparison of the financial performance of two manufacturing companies in the pharmaceuticals industry. Both companies, X and Y (located in Countries X and Y), have similar expected sales of $600 million. Country X has a corporate income tax. Country Y has no income tax but relies on indirect taxes. Selected data for companies X and Y are as follows: Соmpany X $120 million Сompany Y $72 million Pretax income Return on sales 12.0% 12.0% Required: Determine which company promises to have the better financial performance? What tax considerations might affect your conclusions? الأمريكية( TOSHIBA 近

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