On March 31 , 2015 , Arndt declared a 10 % stock dividend , and accordingly 900 additional shares were issued , when the fair value of the stock was $ 18 per share . For the three months ended March 31 , 2015 , Arndt sustained a net loss of $ 32,000 . The balance of Arndt ’ s retained earnings as of March 31 , 2015 , should be
24 ) On September 1 , 2014 , Halley Co . issued a note payable to Fidelity Bank in the amount of $ 1,800,000 , bearing interest at 10 %, and payable in three equal annual principal payments of $ 600,000 . On this date , the bank ' s prime rate was 11 %. The first payment for interest and principal was made on September 1 , 2015 . At December 31 , 2015 , Halley should record accrued interest payable of
ACC 304 Final Exam Part 1 ( 3 Sets ) 2
1 ) We have also attached download of Chapter 12 , 13 , 14 , 15 , 16 ( download it from my account section )
Please use those as well for your finals and please either use the question number or some data from question to search as they usually change the company keeping the data same
2 ) Convertible bonds
3 ) Litke Corporation issued at a premium of $ 5,000 a $ 100,000 bond issue convertible into 2,000 shares of common stock ( par value $ 20 ). At the time of the conversion , the unamortized premium is