EventsGroup Issues 500,000 common stock par 10 to start up
EventsGroup Issues 500,000 common stock par 10 to start up common 5,000,000issue 1,000,000 bond to help finance companyMKT interest rate = 10% coupon rate on bond =8%convertible to 100,000 shares commonissue 10% preferred stock (cumulative) for 1,000,000 convertible to 100,000 shares commonPurchase factory outlet for 5,000,000life=10yearspurchase raw material for 1,000,000produce a finished good costing 1,000,000sell finished good for 2,500,000 in cashAll profit to be distributed as cash dividendsProduce a Trail balanceIncome Statement and balance sheettax rate =30%Statement of cash flowBasic EPS Diluted EPS
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