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 involvement aggregation was reversed as of January 1, 2011; if the participation 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 uncouth neckcloth ($25 X 6 X 600)90,000 Paid-in cracking 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 ex post facto 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 another(prenominal) way to view this transaction is that the 2,400,000 shares at the beginning of the social class must be res tated for the stock dividend unheeding of where in the year 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 round of shares previously encryptd4,140,000 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 measured below. | |Dates |Shares | |Fract ion | plodding | ! |Event...If you want to get a wax essay, order it on our website: BestEssayCheap.com

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