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Question - The Sage Corporation issued 10-year, $4,390,000 par, 7% callable convertible subordinated debentures on January 2, 2017. The bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 13:1, and in 2 years it will increase to 19:1. At the date of issue, the bonds were sold at 96. Bond discount is amortized on a straight-line basis. Sage's effective tax was 35%. Net income in 2017 was $7,950,000, and the company had 2,185,000 shares outstanding during the entire year.
Compute both basic and diluted earnings per share.
in early january 2013 strawberry corporation applied for a trade name incurring legal costs of 50000. in january 2014
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The remaining amount was the accumulated interest due for 2019. What is the journal entry
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a company issued 10-year bonds with a par value of 20000000 and an 8 annual face .the issue price of the bond issue was
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