USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 4 QUESTIONS: O…

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 4 QUESTIONS: On June 30, 2025, Breckenridge Corp issued $4,420,000 face value of 12%, 20-year bonds at $3,584,991, a yield of 15%. Breckenridge uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. NOTE: round all amounts to the nearest dollar. This blank table is optional (not graded). It is here to help you answer the following questions: QUESTION –>  The total interest expense relating to the bonds on the 12/31/26 Income Statement will be:

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 3 QUESTIONS: *…

USE THE FOLLOWING FACT SET TO ANSWER THE NEXT 3 QUESTIONS: ***Now change the above scenario from a 5% stock dividend to a 100% stock dividend*** Big Sky Corporation has outstanding 470,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $59 per share. QUESTION –> The Journal Entry on the date of declaration will include a: