November 2023 Dividends on Preferred and Common Stock Love Theatre Inc owns and operates movie theaters throughout New Mexico and

Present value of the face amount

$

5.  Compute the price of $148,882,608 received for the bonds by using the tables of present value in Appendix A. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences.

Problem 14-2A
Statement of Cash Flows—Indirect Method

The comparative balance sheet of Hinson Enterprises, Inc. at December 31, 2013 and 2012, is as follows:

Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2013 are as follows:

a.                               Net income, $220,500.

b.                              Depreciation reported on the income statement, $72,975.

c.                               Equipment was purchased at a cost of $142,450, and fully depreciated equipment costing $39,200 was discarded, with no salvage realized.

d.                              The mortgage note payable was not due until 2014, but the terms permitted earlier payment without penalty.

e.                              7,000 shares of common stock were issued at $35 for cash.

f.                                Cash dividends declared and paid, $134,400.

Instructions:

Problem 15-1A
Horizontal Analysis for Income Statement

For 2012, Eurie Company reported its most significant decline in net income in years. At the end of the year, H. Finn, the president, is presented with the following condensed comparative income statement:

Instructions:

2.  To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).

The input in the box below will not be graded, but may be reviewed and considered by your instructor.