Pls someone can help me???
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Events
Group Issues 500,000 common stock par 10 to start up common 5,000,000
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issue 1,000,000 bond to help finance company
MKT interest rate = 10% coupon rate on bond =8%
convertible to 100,000 shares common
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issue 10% preferred stock (cumulative) for 1,000,000 convertible to 100,000 shares common
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Purchase factory outlet for 5,000,000
life=10years
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purchase raw material for 1,000,000
produce a finished good costing 1,000,000
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sell finished good for 2,500,000 in cash
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All profit to be distributed as cash dividends
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Produce a Trail balance
Income Statement and balance sheet
tax rate =30%
Statement of cash flow
Basic EPS Diluted EPS
Answers
Status NEW
Posted 11 Jul 2017 08:07 AM
My Price 6.00
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Attachments
file 1499763776-Solutions file.docx preview (51 words )
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