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 January 1, 2020 issued a bond and retired its note payable. Bond information:
Face value $100,000
Coupon rate 6.0%
Term 5 years
Net proceeds $106,000
Interest will be paid semi-annually on June 30 and December 31. At the investor's option, each $1,000 bond is convertible into 50 common shares of the company. Your investigation into similar bond issues showed that had the company issued the debt without the conversion option, the market rate of interest on the bond would have been 8.0%. In accounting for the issuance of the debt, the prior controller debited cash for the full proceeds, credited Bond payable on the balance sheet for the face value, and credited the difference to the income statement (Gain on bond issue). The June 30 and December 31 interest payments were coded to Interest Expense.
Required - Prepare the necessary journal entries at Jan 1, 2020 and Dec 31, 2020 (and provide the correct entries for the errors the prior controller made).
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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