Mgt 131

EXERCISE 16-5 Interest Expense30,640 Discount on Bonds Payable [$10,240 ÷ 64 = $160; $160 X 4]640 Cash (10% X $600,000 X 1/2)30,000 (Assumed that the care aggregation was reversed as of January 1, 2011; if the involvement accrual was not reversed, interest expense would be $20,640 and interest payable would be debited for $10,000) Bonds Payable600,000 Discount on Bonds Payable ($10,240 $640)9,600 parking area neckcloth ($25 X 6 X 600)90,000 Paid-in great in Excess of Par500,400* *($600,000 $9,600) $90,000 EXERCISE 16-15 (a)2,640,000 sharesJan. 1, 2010Sept. 30, 2010 (2,400,000 X 9/12)1,800,000 retro accommodation for spud dividendX 1.10 Jan. 1, 2010Sept. 30, 2010, as adjusted1,980,000 Oct. 1, 2010Dec. 31, 2010 (2,640,000 X 3/12) 660,000 2,640,000 other way to view this transaction is that the 2,400,000 shares at the beginning of the form must be restated for the stock dividend unheed ing of where in the category the stock dividend occurs. (b)4,140,000 sharesJan. 1, 2011Mar. 31, 2011 (2,640,000 X 3/12)660,000 Apr. 1, 2011Dec. 31, 2011 (4,640,000 X 9/12)3,480,000 4,140,000 (c)8,280,000 shares2011 weighted-average moment of shares previously visualised4,140,000 Retroactive adjustment for stock splitX 2 8,280,000 (d)9,280,000 shares Jan. 1, 2012Mar.

31, 2012 (4,640,000 X 3/12)1,160,000 Retroactive adjustment for stock splitX 2 Jan. 1, 2012Mar. 31, 2012, as adjusted2,320,000 Apr. 1, 2012Dec. 31, 2012 (9,280,000 X 9/12)6,960,000 9,280,000 |PROBLEM 16-7 | ! a) The number of shares used to compute staple fibre earnings per share is 4,951,000, as cipher below. | |Dates |Shares | |Fraction | plodding | |Event...If you want to get a fully essay, order it on our website: BestEssayCheap.com

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