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  3. 15. at december 31, 2012, tatum company had 2,000,

15. At December 31, 2012, Tatum Company had 2,000,000 shares of common stock outstanding. On...

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Accounting

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15. At December 31, 2012, Tatum Company had 2,000,000 shares of common stock outstanding. On January 1, 2013, Tatum issued 500,000 shares of preferred stock which were convertible into 1,000,000 shares of common stock. During 2013, Tatum declared and paid $1,800,000 cash dividends on the common stock and S600,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2013, was $6,000,000. Assuming an income tax rate of 30%, what should be diluted earnings per share for the year ended December 31, 2013? (Round to the nearest penny.) a. S1.80 b. $2.00 c. $3.00 d. $2.50 100000 abone of common stock and Practice multiple-choice questions Select the best answer from the alternatives given and circle the letter of your choice. Show computations on the side 1. The following information pertains to Camp Corp.'s issuance of bonds on July 1, year 1: Face amount $800,000 PMT= 24,000 Term Ten years = n= 20 Stated interest rate 6% use this only pr Interest payment dates annually on July 1 Yield What should be the approximate issue price for each $1,000 bond? a. $1,000 b. $864 805 c. $807 d. $700 med 40 of ite 10$1.000 hands at 99 plus accrued inter 9% to find the PU PV=643,905 amt of bonds 8007

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