Carrying value of the bonds payable

Assignment Help Accounting Basics

Reference no: EM13124076

On November 1, 2002, Spencer Company issued at 102, three hundred of its 10%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 shares of Spencer Company's common stock. On November 1, 2002 the market value of the bonds, without the stock warrants, was 99, and the market value of each stock warrant was $40. The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be.

Reference no: EM13124076

Questions Cloud

Evaluate one proposal that has been discussed : Assess two major reasons that the Corporate Federal income tax has not been reformed to date, and elaborate on how likely it is to happen in the future. Provide support for your rationale.

Illustrate what is the activity variance for revenue : A restaurant's revenue formula is $25q, where q is the number of meals served. The restaurant's planning budget is based on 400 meals. Its actual level of activity was 380 meals and the actual revenue at that level of activity was $9325. Illust..

What would the volume be : If a balloon containing 1,200 L of gas at 25C and 760 mm Hg pressure ascends to an altitude where the pressure is 380 mm Hg and the temperature is 54C, the volume will be.

Sita sings the blues : Essay - write 5 pages on the question below. It must be 12 size font, Times New Roman style font and single spaced. Do research and include quotations. Must be cited. What's so controversial about the feminist critique of the Ramayana as seen in "Si..

Carrying value of the bonds payable : The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be.

Find situations to represent a right-left or two-tailed test : Determine whether the following situations represent a right, left or two-tailed test: In 1997, 43% of Americans 18 years or older participated in some form of charity work.

System of simultaneous equations : State whether it is inconsistent or has infinitely many solutions. If the system has infinitely many solutions, write the solution set with y arbitrary.

Write a cover letter to inquirey : write a cover letter to inquire a possible summer intership in this very important club

Calculate the balance in retained earnings at the time : Calculate the balance in retained earnings at the time of the change (beginning of 2011) as it would have been reported if FIFO had been used in prior years.

User Account

All Pages