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Belfast Ltd expects a return on investment (ROI) of 24% on proposed investment projects whose total cost is sh. 5000,000. In order to finance these investment projects, the company is considering two options. Option one: Issue 500,000 ordinary shares at a par value of sh. 10 each. Option two: Issue 250,000 ordinary shares at a par value of sh. 10 each and obtain the balance through a bank loan at an interest rate of 15% per annum. The rate of corporation tax is 30%.
Required:
Question 1: Determine the effect of the two financing options on the earnings per share and hence advise the company on the best financing option.
On January 1, 2019, the date of bond authorization, Paquette Inc., Reconstruct the journal entry made to record the issuance of bonds on January 1, 2019.
A machine is purchased on January 1, 2016, for $100,000. It is expected to have a useful life of ten years and a residual value of $10,000. The company closes its books on December 31. Under the double-declining balance method, what is the total amou..
Prepare the journal entry to record the bond issuance on February 1, 2018. Prepare the necessary journal entry on December 31, 2018.
What are the journal entries required during the year and at year end to properly reflect SCC's accounting for bad debt expense/allowance for doubtful accounts
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On the first dy of its fiscal year, Pedro Dynamite Co. issued $11,000,000 of the five-year, 9% bonds, semiannually. The bonds were issued at an effective rate of 12%, and received proceeds cash of $9,785,645. What is the amortization of discount at t..
In order to help out the CEO, you need to prepare a six- to eight-page report that will contain the following information (including exhibits, but excluding your references and title page). Refer to the accompanying Excel spreadsheet (available throu..
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How would I do an outline for an annual report of a company? I am not good with outlines and cannot find a template that will work for an annual report. In the outline I need to critique the in formativeness of the organization’s annual report. Evalu..
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