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Undecided Ltd issued 100,000 convertible notes on 1 January 2021. The notes have a four-year term and were issued at par with a face value of $10 per note, giving total proceeds of $1,000,000. Interest is payable annually in arrears at a nominal interest rate of 8% per annum. Each note is convertible into one ordinary share at or prior to maturity. The prevailing market interest rate at issue was 10% per annum. Problem 1: Make the journal entries for the issue of the convertible notes and the payment of interest at the following dates:
I 1 January 2021II 31 December 2021III 31 December 2022
Using the information given below, what is the Statement of Comprehensive Income for the year ended December 31, 2020
An event related to an investment in debt securities that does not require a journal entry is:
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What is the purpose of internal controls? Companies create internal controls to protect assets and ensure reliable accounting./ Companies use strong internal
Cash inflows of $26,711.00 at the end of each year for the next 20.0 years. The corporation has a WACC of 8.29%. Calculate the NPV for project Z.
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A firm has a debt-to-equity ratio of 0.50. Its cost of debt is 12%. Its overall cost of capital is 16%. What is its cost of equity if there are no taxes
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Pinder issued $25,000,000 of five-year, 7% bonds, with interest payable semiannually, Determine the present value of the bonds payable
There were no other transactions in Year 2 affecting the investment in B Company. At what amount should A Company record the investment
Alpine Co., a building construction company, holds a 120-day, 9% note for $80,000, dated July 23, which was received from a customer on account. On September 21, the note is discounted at the bank at the rate of 12%.
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