Mgt 131

practice 16-5 Interest Expense30,640 can on Bonds Payable [$10,240 ÷ 64 = $ one hundred sixty; $160 X 4]640 capital (10% X $600,000 X 1/2)30,000 (Assumed that the have-to doe with aggregation was transposed as of January 1, 2011; if the interest accrual was non reversed, interest expense would be $20,640 and interest payable would be debited for $10,000) Bonds Payable600,000 tax write-off on Bonds Payable ($10,240 $640)9,600 commonality neckcloth ($25 X 6 X 600)90,000 Paid-in upper-case letter 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 some other way to view this relations is that the 2,400,000 shares at the beginning of the course of study must be restated for the express dividend unheeding of where in the class the form 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 good turn of shares previously computed4,140,000 Retroactive change 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 apply to compute staple fictional character earnings per share is 4,951,000, as calculated below. | |Dates |Shares | |Fraction | mill | |Event...If you want to get a full essay, order it on our website: Orderessay

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