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On January 1, 2018, a corporation issued P4,000,000 8% 8-year convertible bonds at 95. Interest is payable every December 31. As of this date, the effective interest rate of similar bonds is 10%. Without the conversion feature, the applicable interest rate to these bonds is 11%.
Problem a: Determine:
(1) Gain (loss) on January 1, 2021 due to the pre-termination of bonds (if loss, enclose in parentheses or add a negative sign)
(2) Increase in share premium on issuance after the pre-termination on January 1, 2021
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The equipment had an original cost of $200,000 when purchased on January 1, 2012. It has a 10-year useful life and no salvage value. Depreciation expense recorded prior to 2014 under the double declining balance method was $72,000.
On January 1, 2019, McLean AG makes the two following acquisitions.
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List all the personal attributes required from a corporate accountant that have been mentioned in the job advertisements that you have collected
the guarantee payment increase receiving ordinary income by the entire amount paid during the text year
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