In what section of the balance sheet would a bond payable be reported if: (a) it is payable within one year and (b) it is payable beyond one year? Owen Co. is considering the following alternative...

In what section of the balance sheet would a bond payable be reported if: (a) it is payable within one year and (b) it is payable beyond one year?

Owen Co. is considering the following alternative financing plans:

Income tax is estimated at 40% of income.

Determine the earnings per share of common stock, assuming income before bond interest and income tax is $750,000.