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An asterisk (*) will appear to the right of an incorrect entry.
a. b. c.
Earnings before bond interest and income tax 10,500,000$ 11,800,000$ 13,000,000$
Bond interest
Balance
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
Number of common shares outstanding
Earnings per share on common stock
Instructions
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Earnings per Share of Common Stock
Answers are entered in the cells with gray backgrounds.
0%
[Key code here]
Exercise 14-1
Name:
Section:
Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
a. b. c.
Earnings before bond interest and income tax 10,500,000$ 11,800,000$ 13,000,000$
Bond interest 800,000 800,000 800,000
Earnings available for common stock 820,000$ 1,600,000$ 2,320,000$
Earnings per Share of Common Stock
Instructions
Score:
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Answers are entered in the cells with gray backgrounds.
ON
Exercise 14-1
Name:
Solution
Section:
[Key code here]
An asterisk (*) will appear to the right of an incorrect entry.
a.
For the Year
Ending
January 1
Carrying
Amount
Note
Payment
(Cash Paid)
Interest
Expense
Decrease in
Notes Payable
Dec. 31
Carrying
Amount
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2019
b. 2016
Jan. 1
Dec. 31
2017
Dec. 31
2018
Dec. 31
Exercise 14-12
Name:
Section:
Score:
0%
Key Code:
Instructions
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Amortization of Installment Notes
2019
Dec. 31
c. Interest expense to be reported on the income statement:
An asterisk (*) will appear to the right of an incorrect entry.
a.
For the Year
Ending
January 1
Carrying
Amount
Note
Payment
(Cash Paid)
Interest
Expense
Decrease in
Notes
Payable
Dec. 31
Carrying
Amount
Dec. 31, 2016 147,750$ 43,620$ 10,343$ 33,277$ 114,473$
Dec. 31, 2017 114,473 43,620 8,013 35,607 78,866
b. 2016
Jan. 1 147,750
147,750
2017
Dec. 31 35,607
Exercise 14-12
Name:
Section:
Solution
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Cash
Notes Payable
Notes Payable
Score:
ON
Key Code:
Instructions
Amortization of Installment Notes
43,620
2019
Dec. 31 40,767
Notes Payable
Cash
