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 - Sampras Ltd issued $20 million of convertible notes on 1 July 2020. The notes have a life of 6 years and a face value of $20 each. Annual interest of 5% is payable at the end of each year. The notes were issued at their face value and each note can be converted into one ordinary share in Sampras Ltd at any time over their lives. Organisations with a similar risk profile to Sampras Ltd have issued debt with similar terms but without the option to convert at the rate of 7% per annum.
Required -
a) Identify the present value of the notes and calculate the equity component of the convertible notes;
b) Provide the appropriate accounting entries to record i) the issue of the convertible notes; ii) the first payment of interest; iii) the conversion of convertible notes into shares on 30 June 2021.
johnston co cleans and applies powder coat paint to metal items on a job-order basis. johnston has budgeted the
memofax inc. produces memory enhancement kits for fax machines. sales have been very erratic with some months showing a
matador inc. sells computer monitor screens. the direct labor dl rate includes wages benefits and payroll tax. direct
Actual direct-labor hours 34,500 hours. Standard direct-labor hours 35,000 hours. What is Garner's direct-labor price (or rate) variance
Talley Inc. experienced the following events in 2016, in its first year of operation: Prepare the income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for the 2016 accounting period.
Recording Non-quantitative Journal Entries The following is a series of accounts for Cohen & Sons Consulting, owned and managed by Alan Cohen.
Cost-Volume-Profit Analysis:Mitchell Corp. expects to sell all the goods manufactured this year and has no beginning inventory of its one product. The estimated fixed costs for the year are $288,000; and estimated variable costs per unit are $14.00. ..
Complete the vertical analysis by computing each line item (a) (e) as a percentage of total assets. Round to the nearest whole percentage. What percentages of Electronic Arts assets relate to intangibles versus property and equipment? Which of these ..
Suppose Keller uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line
schedule of cash collections sugarland company sells a single product and anticipates opening a new facility in
Actual sales were 21,750 units at $79 per unit. What was Oaks Edge sales price variance
Analyze: What was the amount of merchandise returned to vendors by Old Tech Medical Devices in June
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