Unamortized discount on the bonds

Assignment Help Accounting Basics

Reference no: EM13139985

Maas Enterprises has $2,190,000 of 6 percent bonds outstanding. There is $40,000 of unamortized discount remaining on the bonds after the March 1, 2011, semiannual interest payment. The bonds are convertible at the rate of 20 shares of $10 par value common stock for each $1,000 bond. On March 1, 2011, bondholders presented $1,200,000 of the bonds for conversion.

Reference no: EM13139985

Questions Cloud

Create frequency table and histogram shape of distribution : Following are speeds of 40 cars clocked by radar on a particular road in a 35-mph zone on a particular afternoon; Make (a) a frequency table, (b) a histogram, and (c) a frequency polygon. Then describe the general shape of the distribution.

Classify each of five situations as a fraudulent act : Based on the supervisor's instructions, quantities on the move tickets were not compared with those on the receiving report. Classify each of five situations as a fraudulent act, an indicator of fraud, or an event unrelated to the investigation. Ju..

How many moles of hydrogen are present : If 3.93 g of sodium borohydride contains 2.5 × 10^23 H atoms, how many moles of H are present in 27 cm3 of sodium borohydride (of density 1.074 g/cm3)?Answer in units of mol

Christian education assessment : A discussion of Best Practices in Sunday School ministry by Hemphill and Taylor. An analysis of strength and weakness, as it applies to a real life situation.

Unamortized discount on the bonds : Maas Enterprises has $2,190,000 of 6 percent bonds outstanding. There is $40,000 of unamortized discount remaining on the bonds after the March 1, 2011, semiannual interest payment.

Why might a person with an abnormally slow clotting : why might a person with an abnormally slow clotting time be given vitamin K? would treatment with vitamin K immediately improve the clotting time?

Understanding and perceptions of reality : Describe its understanding and perceptions of reality. Contrast it to the more linear time, space, and being concepts of modern cultural religions.

Determine pension expense to be reported : The expected return on plan assets and the settlement rate were both 8%. Determine the pension expense to be reported in 2011. Prepare the journal entry to record pension expense and the employers' contribution to the pension plan in 2011.

Define dynamic ram that must be given a refresh cycle : Dynamic RAM that must be given a refresh cycle 64 times per ms. Each refresh operation requires 150 ns. memory cycle requires 250 ns.

User Account

All Pages