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Problem 11-13 Effects of Stockholder's Equity Transactions on the Balance Sheet.The following transactions occurred at Horton Inc. during its first year of operation:
a)Issued 100,000 shares of common stock at $5 each; 1,000,000 shares are authorized at $1 par value.b)Issued 10,000 shares of common stock for a building and land. The building was appraised for $20,000, but the value of the land is undeterminable. The stock is selling for $10 ob the open market.c)Purchased 1,000 shares of its own common stock on the open market for $16 per share.d)Declared a dividend of $0.10 per share on outstanding common stock. The dividend is to be paid after the end of the first year of operations. Market value of the stock is $26.e)Declared a 2-for -1 stock split. The market value of the stock was $37 before the stock split.f)Reported $180,000 of income for the year.
a convertible bond has the following featuresface value 1000maturity 20 yearsannual coupon 80conversion price 80market
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Distinguish between a cost center, profit center and an investment center. Provide an example of each type.
1. name the four basic financial statements and discuss the information that is presented on each statement.2. explain
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