On january 1, the kings corporation issued 10% bonds with a face value of $96,000. the bonds are sold for $94,080. the bonds pay interest semiannually on june 30 and december 31 and the maturity date is december 31, ten years from now. kings records straight-line amortization of the bond discount. determine the bond interest expense for the year ended december 31 of the first year is.

The distinction between a normal and an inferior good is

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?