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# ACC 206 WEEK 2 Ashford University

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Submitted by excellentassi... on Thu, 2014-02-13 16:28
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## ACC 206 Week 2 assignment

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# Ch_2_Ex_3

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 a. Compute the number of xxxxxxxxx xxxxxx that xxxx xxxxxx during 20X6. Preferred xxxxx - xxxx in capital \$580,000 xxx Value xxxx Number of xxxxx 5800 b. Calculate the xxxxxxx issue xxxxx of the xxxxxx stock sold in 20X6. xxxx xxxx Common stock xxxxxxxxxx \$1,750,000 xxx Value xxx xxx Number of xxxxxx xxxxxxx xxxxxxx xxxxxx xx xxxxxx xxxxxx xxxxxx xxxxxx Stock - par xxxxx xxxxxxxxxx xxxxxxxxxx xxxx xx capital in excess xx par xxxxxxxxxx xxxxxxxxxx Total \$6,970,000 \$5,350,000 Sale xxxxxxxx xxxxx \$1,620,000 Issue price xxx xxxxx xxxxxx xx By xxxx xxxxxx xxx xxx company's paid-in capital increase xxxxxx xxxxx Preferred Stock - par xxxxx \$580,000 \$500,000 Paid in xxxxxxx in excess xx xxx \$24,000 \$0 xxxxx xxxxxxxx \$500,000 Increase during the xxx xxxxxxxx Common Stock - xxx xxxxx \$2,350,000 xxxxxxxxxx Paid in capital in xxxxxx xx xxx xxxxxxxxxx xxxxxxxxxx Total \$6,970,000 \$5,350,000 xxxxxxxx xxxxxx the yer xxxxxxxxxx xxxxx xxxxxxxx in xxxxxxxxxxxxxxx \$1,724,000 xx xxx Star's xxxxx legal xxxxxxx xxxxxxxx or xxxxxxxx xxxxxx 20X6? xx xxxx amount? xxx xxxxx capital of xxx company has increase as below: Preferred xxxxx xxxxxxx xxxxxx xxxxx \$600,000 Total \$680,000

# Ch_2_P_1

xxxxxxxx
 Southlke xxxxxxxxxxx xxxx A Case B xxxx x a. xxxx xxxxxx xx xxx xxxxxxxx date xxxxxxxx \$864,000 \$945,000 xx Total cash xxxxxxx xxxxxxx maturity \$900,000 xxxxxxxx \$900,000 c. xxxxx xxxxxxxxx xxxx over the xxxx of the bond issue

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 xxx 206 xxxxxxx 1 xxxx xxxxxxxxxxx x Number xx xxxxxxxxx Shares xxxxxx x (\$600,000 x xxxxxxxxx x xxxx x 800 shares x Number xx xxxxxx xxxxxx xxxxxx = xxxxxxxxxxx - \$1,550,000) x xxx x xxxxxx xxxxxx Average xxxxx Price = (\$2,350,000 + \$4,620,000 - \$1,550,000 x \$3,600,000) / 60,000 shares x xxx per share c Increase xx Paid xx xxxxxxx = xxxxxxxxxxxx - xxxxxxxxxxx x xxxxxxxxxxxx - \$6,920,000) x xxxxxxxxxx x xxxxxxxx xx Legal xxxxxxx x (\$600,000 x \$2,350,000 x \$500,000 x xxxxxxxxxxx = xxxxxxxx xxxxxxx x Northern Corporation xxxx x Case B Case x a * xxxxxxx * 768,000 * xxxxxxx x * xxxxxxx * 800,000 * 800,000 c x xxxxxxx x xxxxxxx * 520,000 x * xxxxxx * 49,333 * 43,333 x x (13,333) * (10,667) x xxxxx f xxx 0.0 * 36,250 x xxx * xxxxxx 0.0 x * xxxxxxx * 757,333 xxxxx xxxxxxx 3 x & B Manufacturing Materials xxxxx xxxxx Conversion a x x d Materials and xxxxxxxx used xxxxx x 80,000 * 80,000 xxxxxx xxxxx * xxxxxx Machine lubricants x xxxxx Wages xxx salaries Machine operators * xxxxxxx * 140,000 x 140,000 Production xxxxxxxxxxx * 62,000 Maintenance xxxxxxxxx * xxxxxx Other xxxxxxx xxxxxxxx xxxxxxxx * xxxxxx xxxxx * 48,000 Totals * xxxxxx x 140,000 * xxxxxxx * 344,000 xxxxxxx 4 x xxxxx Industries, xxx Schedule xx Cost of xxxxx xxxxxxxxxxxx For the Year xxxxx xxxxxxxx 31 Work in Process, xxx 1 * 32,000 xxxxxx xxxxxxxxx Used: xxx Materials, Jan 1 x xxxxxx xxxxxx Materials xxxxxxxxx * 87,000 Raw Materials xxxxxxxxx xxx Use x xxxxxxx xxxxxxxx Materials Used x (11,000) xxxxx x 107,000 xxx xxxxxxxxxx Dec 31 * (40,000) Direct xxxxxxxxx Used x xxxxxx xxxxxx Labor * 75,000 Manufacturing xxxxxxxx xxxxxxxx Materials xxxx x xxxxxx Indirect xxxxx x xxxxxx xxxxxxxxxxxxxxxxxxxx x xxxxxx Factory Taxes * xxxxx Factory Utilities * xxxxxx Total Manufacturing Overhead * 78,000 Total xxxxxxxxxxxxx Cost * 252,000 Work xx Process, xxx 31 * xxxxxxxx Cost of xxxxx Manufactured x

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Submitted by xoon on Tue, 2014-02-11 22:40
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## Fresh work 100% correct answer A+++++++++++++++++++TUTORIAL GUARANTEED PERFECT perfect calculations A++ paper the best answer here on site

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 xxxxxxxxx xx assignment of ccchapman86 (July xxx xxxxxxx 2 E3-1 Star Corporation a) Increase in Preferred xxxxx xxxxxxx xxxxxxxxx - xxxxxxxxx xxxxxxx ÷ Par value xxx preferred share \$100 xxxxxx xx xxxxxxxxx shares issued xx 20X6 xxx xx xxxxxxxx xx xxxxxx Stock xxxxxxx (\$2,350,000 - xxxxxxxxxxx \$ xxxxxxx xxxxxxxx in xxxxxxx xxxxxxx in Excess xx Par - Common 1,020,000 Total xxxxxxxx xx common stock accounts \$ xxxxxxxxx ÷ Increase in xxxxxx xx common xxxxxx (\$600,000 / \$10) 60,000 Average issue xxxxx xxx common xxxxx issued xx xxxx \$27.00 xx xxxx xxxx xxxxxxxx Total stockholders' equity x xxxxxxxxxx \$ 12,770,000 Less: Retained earnings xxxxxxxxx 6,920,000 xxxxxxx xxxxxxx \$ 7,574,000 x xxxxxxxxx \$ 1,724,000 d) xxxx xxxx Increase xxxxxxxxx xxxxxx xxxx par value \$ xxxxxxx \$ 500,000 Common xxxxxx xxx par value 2,350,000 1,750,000 xxxxx legal capital x 2,930,000 \$ xxxxxxxxx x xxxxxxx xxxx Southlake xxxxxxxxxxx xx xxxx x xxxx B Case C Total par value xx xxxxx \$ 900,000 x xxxxxxx \$ xxxxxxx x Quoted price 100% 96% xxxx xxxx xxxxxx xx xxx issuance date \$ xxxxxxx \$ 864,000 \$ xxxxxxx b) Case x xxxx B xxxx x xxxxx xxx value of bonds x 900,000 \$ 900,000 x 900,000 x Annual coupon xxxxxxxx rate 8% 8% xx xxxxxx xxxxxx xxxxxxxx payment \$ 72,000 x 72,000 x 72,000 x xxxxxx of years to maturity 10 xx 10 xxxxx xxxxxx interest xxxxxxxx x xxxxxxx \$ 720,000 x xxxxxxx Add: xxx xxxxx xx the bonds xxxxxxx 900,000 xxxxxxx Total xxxx xxxxxxx

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Submitted by SolutionGuru on Sun, 2013-08-04 12:21
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## ACC 206 Week 2 Exercise Assignment__100% CORRECTLY SOLVED__A+ OR MONEY BACK GURANTEE

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xxx 206 Week x Exercise Assignment__100% xxxxxxxxx xxxxxxxxxx xx xxxxx BACK GURANTEE

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xxxxxxx 2 xxxxxxxx xx

Issuance of xxxxxx

Cash (100,000 xx xxxx……………………………………………………… xxxxxxxxxx

xxxxxx Stock xxxxxxxx xx xxx……….......................... 100,000

Paid-in xxxxxxx xx Excess xx Par xxxxxxxx xx xxxx……… xxxxxxxxxx

Cash xxxxxxxx xx \$20)……………………………………………………… 2,000,000

Common Stock xxxxxxxx х xxx………xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxx

Paid-in xxxxxxx in xxxxxx of

Stated xxxxx xxxxxxxx xx xxxx…………………………xx 1,500,000

Cash (100,000 х \$20)……………………………………………………… 2,000,000

Common Stock-No-Par Value (100,000 xx xxxx………… xxxxxxxxxx

xxxxxxx x Exercise xxx

xxxxxxxx xx xxxxxxxxxxxxx equity

xxxxxx xx xxxxxxxxx shares xxxx were xxxxxx xxxxxx 20X6 x xxxxxxxxx−xxxxxxxxxxxxx

x 800 xxxxxxx

The average xxxxx xxxxx of the common xxxxx sold in xxxxx

Number xx xxxxxx xxxxxx xxxx were xxxxxx xxxxxx 20X6 x \$(2,350,000−1,750,000)/\$10

x xxxxxx xxxxxxx

Avg. xxxxxxx capital xx xxxxxx of xxx xxxxx xxxxxx xx xxxx = \$(4,620,000−3,600,000)/\$60000

= xxx

xxxxxxx xxxxx xxxxx of xxx xxxxxx xxxxx sold xx xxxx = \$(17 x xxx = \$27

xxx company's paid-in capital xxxxxxxxx xxxxxx xxxx x xxxxxxx + xxxxxxxxxxx−xxxxxxxxxx

=1,044,000

xxxxxx xxxxx legal xxxxxxx xxxxxxxxx

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Chapter 2 Exercise xx

Issuance of xxxxxx

Cash (100,000 х \$20)……………………………………………………… xxxxxxxxxx

xxxxxx Stock xxxxxxxx х xxx………xxxxxxxxxxxxxxxxxxxxxxxxxx 100,000

Paid-in Capital in Excess xx Par xxxxxxxx xx xxxx……… xxxxxxxxxx

Cash xxxxxxxx х xxxx……………………………………………………… xxxxxxxxxx

xxxxxx xxxxx xxxxxxxx xx \$5)……….......................... 500,000

xxxxxxx xxxxxxx xx Excess xx

Stated xxxxx xxxxxxxx х \$15)…………………………xx 1,500,000

xxxx xxxxxxxx х \$20)……………………………………………………… 2,000,000

Common Stock-No-Par xxxxx xxxxxxxx х \$20)………… xxxxxxxxxx

Chapter 2 xxxxxxxx xxx

xxxxxxxx xx xxxxxxxxxxxxx equity

xxxxxx xx preferred xxxxxx that were issued during 20X6 = xxxxxxxxx−xxxxxxxxxxxxx

= 800 xxxxxxx

xxx xxxxxxx issue price xx the xxxxxx xxxxx sold in 20X6:

Number xx common shares that were issued during 20X6 = \$(2,350,000−xxxxxxxxxxxxxxx

xxxxxxx x 60,000 shares

Avg. Paid-in xxxxxxx in xxxxxx xx par xxxxx common xx xxxx x \$(4,620,000−xxxxxxxxxxxxxxxxx

= xxx

xxxxxxx xxxxx xxxxx xx xxx common xxxxx sold in xxxx x \$(17 x 10) = xxx

xxx xxxxxxxxx paid-in capital xxxxxxxxx during xxxx = \$24,000 + xxxxxxxxxxx−xxxxxxxxxx

xxxxxxxxxxx

Star's total legal xxxxxxx increased

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Submitted by alltutorials on Mon, 2014-09-01 20:08
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## ACC 206 Week 2 Assignment ( Week Two Problems ) ~ ( Latest Syllabus - Updated Jan, 2015 - Perfect Tutorial - Scored 100% )

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x
 xxxx Two Problems

xxxx x Assignment

xxx 206

1. Analysis of stockholders' xxxxxx

xxxxxxxxxx xxxxx (100 xxx value) xxxxxx during xxxx x 580,000 – 500,000

x xxxxxxx

xxxxxx of xxxxxxxxxx xxxxxx xxxxxx xxxxxx xxxx

x Par value xx xxxxxxxxx xxxxxx issued x xxx value xxx share xx xxxxxxxxx shares

x xxxxxx / 100

= 800 xxxxxx

Common xxxxx (10 par value) xxxx in 20X6 x xxxxxxxxx – 1,750,000

x xxxxxxxx

Number of xxxxxx stock sold = xxxxxxx / xx

x xxxxxx xxxxxx

xxxxxxxxxx xxxx in capital = xxxxxxxxx - xxxxxxxxx

= xxxxxxxxxx

Average issue price xx xxxxxx stock sold in xxxxx

Par xxxxx xx xxxxxx xxxxx xxxxxx xxxxxxx

(+) Additional paid xx xxxxxxx : xxxxxx stock xxxxxxxxx

xxxxx xxxxx xxxxx xx xxxxxx xxxxx 1,620,000

Average xxxxx xxxxx

x xxxxx xxxxx xxxxxx xxxxxx of xxxxxx stock xxxx

x xxxxxxxxx / xxxxxx

= xxx

The average issue price of xxx xxxxxx xxxxx xxxx in xxxx = \$27

xxxxxxxx in paid in xxxxxxx xx preferred xxxxxx xx xxx x xxxxxx – 50000 = 80,000

Increase in paid xx capital of xxxxxxxxx shares in excess of xxx xxxxx = 24000 – 0 = 24000

Total xxxxxxxx in xxxx xx xxxxxxx xx xxxxxxxxx xxxxxx

x 80,000 + xxxxxx

= \$104,000

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Submitted by accountguru on Sun, 2013-08-04 14:06
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5

## ACC 206 WEEK 2 Ashford University

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# Ch_2_Ex_3

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 xx Compute the number xx xxxxxxxxx xxxxxx xxxx were xxxxxx xxxxxx xxxxx Preferred xxxxx x xxxx xx capital xxxxxxxx Par Value \$100 Number xx shres xxxx xx xxxxxxxxx the xxxxxxx xxxxx xxxxx of xxx xxxxxx xxxxx xxxx xx 20X6. 20x6 20x5 Common xxxxx xxxxxxxxxx xxxxxxxxxx Par xxxxx xxx \$10 Number of Shares xxxxxxx 175,000 xxxxxx xx Shares xxxxxx xxxxxx xxxxxx xxxxx - par Value xxxxxxxxxx \$1,750,000 xxxx xx xxxxxxx in xxxxxx of xxx \$4,620,000 xxxxxxxxxx xxxxx xxxxxxxxxx xxxxxxxxxx xxxx proceeds xxxxx \$1,620,000 xxxxx price xxx share \$27.00 xx xx xxxx xxxxxx xxx xxx xxxxxxxxx xxxxxxx capital increase xxxxxx 20X6? Preferred Stock x xxx Value \$580,000 \$500,000 xxxx xx xxxxxxx xx excess of xxx xxxxxxx xx Total \$604,000 xxxxxxxx Increase during xxx xxx xxxxxxxx xxxxxx Stock x xxx xxxxx xxxxxxxxxx \$1,750,000 Paid xx capital in xxxxxx xx xxx xxxxxxxxxx \$3,600,000 xxxxx xxxxxxxxxx \$5,350,000 Increase xxxxxx xxx yer \$1,620,000 xxxxx Increase xx xxxxxxxxxxxxxxx \$1,724,000 d. Did xxxxxx total xxxxx capital xxxxxxxx xx xxxxxxxx xxxxxx 20X6? By xxxx xxxxxxx xxx xxxxx xxxxxxx of xxx company xxx increase as xxxxxx Preferred Stock \$80,000 Common xxxxx xxxxxxxx xxxxx \$680,000

# xxxxxxxx

xxxxxx
 Southlke xxxxxxxxxxx xxxx A xxxx B xxxx C xx xxxx inflow xx xxx issuance xxxx \$900,000 xxxxxxxx xxxxxxxx xx Total cash outflow xxxxxxx xxxxxxxx \$900,000 \$900,000 xxxxxxxx c. Total xxxxxxxxx xxxx xxxx the life of xxx xxxx issue

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## "ACC 206 Week 2 Assignment"- Guaranteed A+ Work !!

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xxxx xxxx 2 xxxxxxxxxx is in xxxxxxxxxxxxxxxxx xxxx free to xxxxxxx xx xxxx xxxxxxxxxxxxxxxx

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
 Acc 206 Problem 1 Star Corporation a Number xx Preferred xxxxxx xxxxxx x (\$600,000 x \$500,000) / \$100 = 800 xxxxxx b xxxxxx xx Common Shares xxxxxx x (\$2,350,000 - xxxxxxxxxxx / xxx x xxxxxx shares xxxxxxx Issue xxxxx x (\$2,350,000 x \$4,620,000 x \$1,550,000 x xxxxxxxxxxx x 60,000 xxxxxx x \$27 xxx share x xxxxxxxx in Paid xx xxxxxxx = (\$16,064,000 - \$8,470,000) x xxxxxxxxxxxx x xxxxxxxxxxx = xxxxxxxxxx x xxxxxxxx in Legal Capital x xxxxxxxxx x xxxxxxxxxx x \$500,000 - xxxxxxxxxxx = xxxxxxxx xxxxxxx x xxxxxxxx Corporation Case x xxxx B xxxx x a * 800,000 x 768,000 x 840,000 x * xxxxxxx x 800,000 x 800,000 c * 560,000 x xxxxxxx x xxxxxxx d x 46,667 * xxxxxx x 43,333 x x xxxxxxxx x xxxxxxxx * xxxxx f xxx xxx x xxxxxx x 0.0 * 42,667 xxx h x 800,000 x 757,333 xxxxx Problem 3 x & B xxxxxxxxxxxxx Materials Labor xxxxx xxxxxxxxxx x x c d xxxxxxxxx and supplies xxxx Brass * xxxxxx * 80,000 xxxxxx xxxxx x xxxxxx xxxxxxx xxxxxxxxxx x 8,000 Wages and salaries xxxxxxx operators x xxxxxxx * xxxxxxx x xxxxxxx xxxxxxxxxx xxxxxxxxxxx * 62,000 Maintenance personnel x xxxxxx xxxxx factory xxxxxxxx Variable x 29,000 xxxxx * 48,000 Totals x xxxxxx x 140,000 x xxxxxxx * 344,000 Problem 4 x Jakob Industries, xxx xxxxxxxx xx xxxx of xxxxx xxxxxxxxxxxx For xxx Year xxxxx December 31 xxxx xx Process, xxx x x 32,000 xxxxxx xxxxxxxxx xxxxx Raw xxxxxxxxxx xxx 1 * xxxxxx xxxxxx Materials Purchases * 87,000 xxx Materials Available for Use * xxxxxxx Indirect Materials Used * xxxxxxxx xxxxx * xxxxxxx xxx xxxxxxxxxx xxx 31 x (40,000) Direct Materials xxxx * 67,000 xxxxxx Labor * 75,000 Manufacturing Overhead Indirect Materials xxxx x xxxxxx Indirect Labor x xxxxxx xxxxxxxxxxxxxxxxxxxx x xxxxxx Factory Taxes x 8,000 xxxxxxx Utilities * xxxxxx xxxxx Manufacturing Overhead x xxxxxx xxxxx xxxxxxxxxxxxx xxxx x 252,000 Work in Process, Dec xx x (21,000) xxxx of xxxxx Manufactured *

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Hi,

xxxxxx xxxx the excel sheet with xxx xxx answers in it. xxxxx xxx xx

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
1. Analysis xx xxxxxxxxxxxxx xxxxxx
xxxx xxxxxxxxxxx issued xxxx common and preferred stock during xxxxx xxx xxxxxxxxxxxxx xxxxxx xxxxxxxx of xxx company's xxxxxxx xxxxxx xx the xxx xx xxxx xxx 20X5 follow:+
xxxx xxxxxxxxxxxx
xxxxxxxxx xxxxxx xxxx xxx xxxxxx 10% \$580,000 xxxxxxxxxxxxxx5000005800 5000800
xxxxxx stock, \$10 xxx xxxxx xxxxxxxxx xxxxxxxxx xxxxxxx xxxxxxx 235000xxxxxx60000
xxxxxxx xxxxxxx in excess xx xxx value
xxxxxxxxx 24,000 — 240000
xxxxxx 4,620,000 3,600,000 4620000 xxxxxxx 1020000
xxxxxxxx earnings xxxxxxxxx xxxxxxxxx
xxxxx xxxxxxxxxxxxx xxxxxx xxxxxxxxxxx xxxxxxxxxxx
a. xxxxxxx the number of xxxxxxxxx shares xxxx xxxx xxxxxx xxxxxx 20X6. 800xxxxxx
xx xxxxxxxxx xxx average issue xxxxx of xxx xxxxxx stock xxxx in xxxxx 27
c. xx what amount xxx xxx company's xxxxxxx capital increase xxxxxx xxxxx1724000
xx xxx xxxxxx total xxxxx xxxxxxx xxxxxxxx xx decrease xxxxxx 20X6? By xxxx xxxxxxxxxxxxxxxx xx increased
2. xxxx computations: xxxxxxxxxxxxx amortization
xxxxxxxxx xxxxxxxxxxx issued xxxxxxxx of 8% xxxxx on xxxxx 1, xxxxx xxx bonds pay interest on xxxxx 1 xxx xxxxxxxxx x xxx mature in xx years. Assume xxx independent cases xxxx xxxxxxx
• Case A—The bonds are xxxxxx xx xxxx
• xxxx B—The bonds are xxxxxx at 96.
• Case C—xxx bonds xxx issued at xxxx
Southlake uses xxx straight-line xxxxxx of xxxxxxxxxxxxx
xxxxxxxxxxxxx
xxxxxxxx xxx xxxxxxxxx xxxxxx
Case

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Submitted by Good_Morning on Tue, 2014-09-23 01:21
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## ACC 206 Week 2 Assignment

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# xxx xxx Week x xxxxxxxxxx

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxx
 1. Analysis xx xxxxxxxxxxxxx equity Star Corporation issued both xxxxxx xxx xxxxxxxxx xxxxx xxxxxx xxxxx The xxxxxxxxxxxxx equity xxxxxxxx of the xxxxxxxxx balance xxxxxx at xxx end of 20X6 xxx xxxx follow:+ 20X6 20X5 xxxx 20x5 xxxxxxxxx stock, xxxx par xxxxxx 10% xxxxxxxx \$500,000 580000 xxxxxx 5800 5000 xxx xxxxxx xxxxxx \$10 par value xxxxxxxxx xxxxxxxxx 2350000 1750000 235000 xxxxxx 60000 xxxxxxx xxxxxxx in excess of xxx value Preferred xxxxxx — 24000 0 xxxxxx xxxxxxxxx 3,600,000 4620000 3600000 1020000 xxxxxxxx earnings 8,470,000 6,920,000 xxxxx xxxxxxxxxxxxx equity xxxxxxxxxxx \$12,770,000 xx Compute the number xx xxxxxxxxx shares xxxx were issued xxxxxx 20X6. xxx shares b. xxxxxxxxx the average xxxxx xxxxx of xxx common xxxxx xxxx in xxxxx xx c. By xxxx amount xxx xxx xxxxxxxxx xxxxxxx capital xxxxxxxx during 20X6? 1724000 xx xxx xxxxxx xxxxx xxxxx capital xxxxxxxx or xxxxxxxx xxxxxx 20X6? By xxxx amount? xxxxxx yes xx xxxxxxxxx xx Bond xxxxxxxxxxxxx xxxxxxxxxxxxx amortization Southlake Corporation issued \$900,000 xx xx xxxxx on xxxxx 1, 20X1. The bonds xxx xxxxxxxx on March x xxx September 1 xxx xxxxxx xx 10 years. Assume the independent cases xxxx xxxxxxx • xxxx x—The xxxxx xxx xxxxxx at xxxx • xxxx B—The bonds are xxxxxx at xxx • Case x—xxx bonds are issued xx 105. xxxxxxxxx xxxx the straight-line method xx amortization. Instructions: Complete the following xxxxxx xxxx A xxxx B xxxx x x x x xx xxxx xxxxxx xx xxx issuance xxxx _______

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## ACC 206 Week 2 (Chapters 2 and 3) --Correct w/ Solutions (August 2013 Updated)--ACCOUNTANT you can trust!!!

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xxxxxxx xxxxxxxxx

Good luck x xxx xxxx you xxx xxxx x

xx

xxx issues or concerns, message me xxxxx so xx can xxxxxx xx properly.

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xxxxxx Week 2: xxxxxxxx xxx and xxxxx xxxxxxx

xxxxxxx x Exercise 3

3. xxxxxxxx xx stockholders' equity

xxxxxxxxx xxxxxx xxxxxx = (\$580,000 – \$500,000) x xxxx

Preferred xxxxxx issued = \$80,000 x xxxx = xxx shares

Average issue xxxxx xx xxxxxx xxxxx = (2,350,000 x 4,620,000) – (1750000 + 3600000)

Ave. xxxxx price x xxxxxxx – 5350000 = xxxxxxx xxxxxxxxxxxxxxxxxxx / xxx

xxxx issue xxxxx = xxxxxxx / xxxxx

xxxx xxxxx Price x xxxxxx

xxxxxxx capital xxxxxxxx x (24000 – 0) + xxxxxxxx – 3600000)

xxxxxxx xxxxxxx xxxxxxxx x xxxxx + xxxxxxx

Paid-in capital xxxxxxxx = xxxxxxxxxx

Legal capital increase x xxxxxxx -500000) + (2350000-1750000)

xxxxx xxxxxxx increase = 80000 + xxxxxx

Legal capital Increase xx = \$680,000

xxxxxxx 2 Problem 1

xx Bond computations: Straight-line xxxxxxxxxxxx (Next page, xxxxxx go xxxxx

xxxxxxxxxxxxxxxxxxxxxxxxx
 Case A xxxx B Case x xxxx xxxxxx xx the xxxxxxxx xxxx \$900,000 \$864,000 \$945,000 Total xxxx xxxxxxx through xxxxxxxx 1,620,000 xxxxxxxxx xxxxxxxxx Total borrowing cost over xxx life xx xxx xxxx issue xxxxxxx xxxxxxx 675,000 Interest xxxxxxx for the xxxx xxxxx xxxxxxxx xxx 19X1 xxxxxx 56,700 xxxxxx xxxxxxxxxxxx for xxx year xxxxx December 31, xxxx x 2,700 3,375 Unamortized premium xx of December 31, 19X1 x x 41,625 Unamortized xxxxxxxx xx of December xxx xxxx x 33,300 x Bond xxxxxxxx xxxxx xx of xxxxxxxx xxx 19X1 900,000 xxxxxxx xxxxxxx

xxxxxxxxxx

xxxx A:

xxxxx xxxxxx xx xxxxxxxx xxxx x xxxxxx x x = xxxxxxx

Total xxxx xxxxxxx = xxxxxx x .08 x 10 = xxxxxx +900000 = xxxxxxxxx

xxxxxx xxxxxxxxx cost x xxxxxx – xxxxxxx = 720,000

xxxxxxxxx expense Dec. 31 19x1 x xxxxxx x .08 x 9/12 = 54,000

xxxxxxxxxxxx xxx bond xx issued at par xx xxxx value, therefore Zero xxx xxxxxxxx discount, and amortization

xxxx xx

xxxxx xxxxxx on xxxxxxxx date x 900000 x xxx x xxxxxxx

xxxxxx cash xxxxxxx = 900000 x xxx x 10 = 720000 xxxxxxx x xxxxxxxxx

xxxxxx xxxxxxxxx cost =

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