14.2 .. . Cengage CengageNOWv2 | Onl X C Chegg Study | Guided SolNews | Dashboar

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14.2

.. . Cengage CengageNOWv2 | Onl X C Chegg Study | Guided SolNews | Dashboard Samsung Galaxy S9 Plus V + O v2 cengageno con ilm takeAss gnment take ssignmentain doinvoker-assignments takeAssignmentsess on ocator-assignment t Ch 14-2 Practice Exercises Show Me How Print ltem eBook Calculator Alternatlve Financlng Plans 1. PE-1401 .ALGO Frey Co. is considering the following alternative financing plans 2. PE.14-02.ALGO Plan 1 Plan 2 S760,000 1,260,000 3. PE.14-03.ALGO Issue 10% bonds (at face value) issue preferred 1 stock, S10 par Issue common stock, S5 par Income tax is estimated at 40 of income Determine the earnings per share on common stock, assuming that income before bond interest and income tax is 456,000. Enter answers In dollars and cents, rounding to the nearest cent. Plan 1 Plan 2 51,520,000 4. PE.14-04.ALGO 1,520,0001,020,000 5. PE.14-05.ALGO 6. PE.14-06.ALGO 7. PE.14-07.ALGO Earnings per share on common stock 8. PE-14-08.ALGO Earnings per share on common stock 9. PE. 14-09.ALGO Check My Work 2 more Check My Work uses remalning Next Progress: 1/9 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading 9:27 PM Type here to search /19/2018 2

Explanation / Answer

note:

earnings per share on common stock :

Plan 1 $0.60 Plan 2 $0.50

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