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What is the impact to retained earnings

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Reference no: EM132251220

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Q1. In 2018 Manish, Inc. had expenses of $325,000 revenues of $550,000, and declared dividends of $150,000. What is the impact to Retained Earnings?

A) decrease of $75,000

B) increase of $225,000

C) increase of $75,000

D) decrease of $225,000

E) none of the above

Q2. A bond is issued with a face amount of $600,000 and a stated interest rate of 12%. The current market rate of interest is 10%. These bonds will sell at a price that is:

A) Equal to $600,000

B) Higher than $600,000

C) Lower than $600,000

D) None of the above

Calculate the issue price of bonds

Principal $80,000,000

Term Payable in 20 years

Interest Payable 5% payments due semiannually

Market at issue date 6%

Reference no: EM132251220

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