Fair market value of the common stock

Assignment Help Accounting Basics

Reference no: EM13148075

On August 1, 2011, Lane Corporation called its 10% convertible bonds for conversion. The $8,000,000 par bonds were converted into 320,000 shares of $20 par common stock. On August 1, there was $700,000 of unamortized premium applicable to the bonds. The fair market value of the common stock was $20 per share. Ignore all interest payments.

Reference no: EM13148075

Questions Cloud

One of the remedies available to the victim : One of the remedies available to the victim of a contractual breach is the remedy of "specific performance". Explain briefly what this remedy provides for the victim of breach. Indicate whether there are any circumstances when this particular remedy ..

Calculate the sums of squares and factor : Management wishes to test whether each shopper is spending an equal amount of money at each store. Calculate the sums of squares SS(total), SS(factor), and SS(error)

Increase affect operating profits : If Clark initiates a price increase for both product lines, how will customer demand change? How will the price increase affect operating profits

Compare and contrast the development of protostomes : Compare and contrast the development of protostomes with that of deuterostomes. List two protostome phyla and two deuterostome phyla, and in addition, list two other eucoelomate phyla which cannot be clearly classified as either type and explain w..

Fair market value of the common stock : On August 1, 2011, Lane Corporation called its 10% convertible bonds for conversion. The $8,000,000 par bonds were converted into 320,000 shares of $20 par common stock. On August 1, there was $700,000 of unamortized premium applicable to the bond..

What other explanations might be possible : Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?

New wages increase or decrease : wages decrease by 15%. by what % do the new wages increase or decrease. 3. divide 3420 into two parts such that one part is 28% more.

Calculate numerical summaries-measures of central tendency : Calculate numerical summaries including measures of central tendency such as mean and median and measures of variation including range and standard deviation.

User Account

All Pages