Reference no: EM132697707

Questions -

Q1) On June 1, 2019 Adelphi Corporation issued $400,000 of 6%, 5-year bonds.  The bonds which were issued at 101, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is premium amortization enter as a negative number.

Q2) On December 31, 2018, Adelphi Corporation has outstanding 500 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 19,000 shares of $10 par value common stock. Preferred dividends were paid in 2016 but were not paid in 2017. During 2018, Alpha distributed $50,000 in dividends. Use this information to determine for 2018 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent.