Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Aubrey Inc. issued $4,991,400 of 8%, 10-year convertible bonds on June 1, 2014, at 98 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2015, $1,871,775 of these bonds were converted into 42,000 shares of $19 par value common stock. Accrued interest was paid in cash at the time of conversion. (a) Prepare the entry to record the interest expense at October 1, 2014. Assume that accrued interest payable was credited when the bonds were issued. (b) Prepare the entry to record the conversion on April 1, 2015. (Book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made.
how much will you have in the account in 5 years? In 10 years? In 20 years and Calculating Annuity Future value.
Which of these items related to bonds would be added back in the Operating section of the SCF under the indirect method? Amortization of bond premium
Trio Company sells three products, Do, Ra, and Mi, for prices of $8, $7, and $5, respectively. They also offer combinations of the products for reduced overall prices. If Trio Company uses the incremental-revenues allocation method and has designated..
Compare the payment of cash dividends, stock dividends, and purchase of treasury stock from existing shareholders. What are the similarities and differences? If you were a corporate treasurer, which method would you recommend for returning funds to s..
Internal Growth Rate Last year, Al's Painting, Inc., reported an ROE of 30 percent. The firm's debt-to-equity was 2.50 times, sales were $20 million, the capital intensity was 1.5 times, and dividends paid to common stockholders were $500,000. The fi..
1.which of the following statements best describes the optimal capital structure?a.the optimal capital structure is the
The service period related to these restricted shares is 3 years. Vesting occurs if the upper level executives stay with Lebron Corp for 3 years.
On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1
question 1. benefit-cost analysis experts agree that to the extent you can quantify benefits and costs you should do
Governments and not-for-profits entities operate differently than for-profit business entities. Before you can understand governmental and not-for-profit accounting, you need to understand the differences in characteristics, financial reporting and u..
Foto Company manufactures and sells a product called JYMP. Results from last year from the sale of JYMP appear below: Calculate the increase in company profits if the JYMP product line is discontinued. Do not use decimals or type the word increase af..
Assume that current interest rates on government securities are as follows:-one- year rate, 5 percent; - Graph the yield curve.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd