Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company. Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders. Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts. Accounting rules for journal entries: To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains. To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains. To determine: The effect of earning per share and net income for the given methods of financing.

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Answer 1

Question

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

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A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number)

Answer 2

Question

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

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Answer 3

Question

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

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Answer 4

Question

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

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Answer 5

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

Answer 6

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

Answer 7

Chapter 15, Problem 12E

To determine

Shares: A share is the term which is used to define the ownership certificates of the company. A share is that part of company’s capital which cannot further divide. Shares define the right to vote and right of participation in the profit of the company.

Bond: Bond is a debt instrument which provides the long term debt for the company and company pays the interest to its bondholders.

Journalizing: It is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

Accounting rules for journal entries:

To increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.

To decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains.

To determine: The effect of earning per share and net income for the given methods of financing.

Answer 8

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Answer 11

Ch. 15 - Prob. 1Q Ch. 15 - 2. Contrast the following types of bonds: (a)...Ch. 15 - Prob. 3Q Ch. 15 - Prob. 4Q Ch. 15 - Prob. 5Q Ch. 15 - Prob. 6Q Ch. 15 - Prob. 7Q Ch. 15 - Prob. 8Q Ch. 15 - Prob. 9Q Ch. 15 - Prob. 10Q

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