Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - On Jan 01, 2020, ACME Incorporated issued $10 million of 6% convertible bonds at 100, which are due on December 31, 2029. The bonds pay interest semi-annually on June 30 and December 31. Each $1,000 bond can be converted to 20 common shares by at the discretion of the bondholder at any interest payment date. Similar bonds without the conversion feature are trading in the market at 8%. Assume that ACME follows IFRS.
Required -
1. Prepare the journal entry for the issuance of the bonds.
2. Prepare the journal entry to record the conversion of 40% of the bonds on June 30, 2025. The carrying value after the interest payment was $9,256,467.
3. Prepare the journal entry to retire the bonds at maturity assuming that no other conversions took place.
4. What options would be available to the company if ACME followed ASPE?
In addition, Ash has $80,000 of active business income and $20,000 of portfolio income. How much of the passive activity loss may Ash use
Discuss the role of the Board of Directors in a corporation. For example, what is the extent of their authority? How do they exercise their authority?
Prepare Marin's journal entries to record (a) the sale on July 10, 2017, and (b) $80,000 of returns on October 11, 2017, and on October 31, 2017
lew jewelry co. uses gold in the manufacture of its products. lew anticipates that it will need to purchase 500 ounces
bad food inc. sells 100- pound bags of pre-cooked french fries to fast food outlets for 12 a bag. the fixed costs of
Yoen, Inc. has an accumulated deficit of $15,000. This year it distributes $20,000 to its shareholders. How much of the distribution is a dividend
Problem - Comparing Health Insurance Policies - Compare the policies' features. Should Lexi buy health insurance? Why or why not
Prepare in good form a multiple-step income statement for the year 2011. Assume a 30% tax rate and that 80,000 shares of common stock were outstanding during the year.
Discuss the difference between the service industry and the manufacturing industry. How can you determine which organizations fall into which industry
Provide your overall opinion/ assessment on the liquidity, profitability and solvency of the company. Explain/interpret each ratio for both years.
on january 2 todd company acquired 40 of the outstanding stock of mcguire company for 205000. for the year ending
PCAOB's Auditing Standard, Create a unique scenario in which you encounter a critical audit matter that must be evaluated, communicated, and reported.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd