Question 3&4 only Practice Set2 DLC 1B a statement of cash flows the direct ABC

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Question 3&4 only

Practice Set2 DLC 1B a statement of cash flows the direct ABC Ind Balance Sheets 12/31/2016 Make reasonable a 1231/2017 ABC In 19,65869 12 mos endin 12/31/2017 Accounts Receivable, net Sales 22,000,000 13,200,000 Machinery and 800,000 Furniture and Fix 2900.000) 3,300,000 155,000 825,000 Tetal Assets 5,280,000 and Shareholders Net Income 3,520,000 vidends Payable and were purchased for cash 00,000 376.000 60,000 100,000 shares of common stock sold for $10 per share Total current liabilities h dividends of $150,000 were declared Term Liabilities 2756 298 2,756295 132 295 Share PE ratio the stock s 536 Owner's and the shares are 100,000 in 2017 Deficit) ute the current ratio 20,066.000 5,264,295 Tetal Liab &Stek; hldrs' Equty 000.000.00 entnies for the issuance of S10,000,000 1%, 10 ssued an 1/1 af this atan effective rate of 12% s on 7/1 and 1 has 300,000 shares of S100 and 3,000.000 shares of $1 There are 400,000 shares of before interest and tax is $6,200,.000 Interest expense was S600 000 and the tax rate is 20% The and wishes fotal of $2 000,000 in dividends How much wi esch share af Retained earnings at the What wiW be the final amount in retained e what are of the are $90,000,000 at the end of the

Explanation / Answer

3...

No.of coupons Stated int.=Face value*5.5% Effective int. (Previous Bv*6%) Difference Bond discount to be amortised Face value Book Value 1 2=FV*5.5% 3=Previous 7*6% 4=3-2 5=Previous 5-current 4 6 7=6-5 0 573496 10000000 9426504 1 550000 565590 15590 557906 10000000 9442094 2 550000 566526 16526 541380 10000000 9458620 3 550000 567517 17517 523863 10000000 9476137 4 550000 568568 18568 505295 10000000 9494705 5 550000 569682 19682 485612 10000000 9514388 6 550000 570863 20863 464749 10000000 9535251 7 550000 572115 22115 442634 10000000 9557366 8 550000 573442 23442 419192 10000000 9580808 9 550000 574848 24848 394344 10000000 9605656 10 550000 576339 26339 368004 10000000 9631996 11 550000 577920 27920 340084 10000000 9659916 12 550000 579595 29595 310490 10000000 9689510 13 550000 581371 31371 279119 10000000 9720881 14 550000 583253 33253 245866 10000000 9754134 15 550000 585248 35248 210618 10000000 9789382 16 550000 587363 37363 173255 10000000 9826745 17 550000 589605 39605 133650 10000000 9866350 18 550000 591981 41981 91669 10000000 9908331 19 550000 594500 44500 47170 10000000 9952830 20 550000 597170 47170 0 10000000 10000000 11000000 11573496 573496

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