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Business, 25.11.2019 23:31 cuthbertson157

Penny arcades, inc., is trying to decide between the following two alternatives to finance its new $24.1 million gaming center: a. issue $24.1 million of 7% bonds at face amount. b. issue 1 million shares of common stock for $24.1 per share.1. required: 1. assuming bonds or shares of stock are issued at the beginning of the year, complete the income statement for each alternative. (leave no cells blank - be certain to enter "0" wherever required. input all amounts as positive values. round your "earnings per share" to 2 decimal places. enter your answers in dollars not in millions. omit the "$" sign in your response.)issue bonds issue stock operating income $ 10,800,000 $ 10,800,000 interest expense (bonds only) income before tax income tax expense (30%) net income $ $ number of shares 3,090,000 4,090,000 earnings per share $ $

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Penny arcades, inc., is trying to decide between the following two alternatives to finance its new $...
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