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Question - X Corporation issued $4 million of 10-year, 7% callable convertible subordinated debentures on January 2, 2020. The debentures have a face value of $1,000, with interest payable annually. The current conversion ratio is 14:1, and in two years it will increase to 18:1. At the date of issue, the bonds were sold at 98 to yield a 7.2886% effective interest rate. Bond discount is amortized using the effective interest method. Sandhill's effective tax was 30%. Net income in 2020 was $7.9 million, and the company had 2.4 million shares outstanding during the entire year. For simplicity, ignore the IFRS requirement to record the debentures' debt and equity components separately.
Required - Calculate diluted earnings per share for the year ended December 31, 2020.
Wrote off the individual account receivables for the following customers as payment not expected in future
you were recently admitted to college and your aunt tillie has agreed to fund the tuition for your education. the
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On 31 December 2003 his trade accounts receivable amount to $40,000. What accounting entries should Alex make on 31 December 2002 and 2003
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Effects of the understatement of purchases - compensation to reported earnings and the possible relation between this type of bonus scheme and the accounting errors.
the year-end adjusted trial balance of the timmons tool and die corporation included the following account balances
The issue is to be composed of 800 bonds, each with a face amount of $750. How much is Mystery, Inc. able to borrow (in total) if each bond is sold
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