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!
On April 1, 2020, Bramble Corp. sold 12,000 of its $900 face value, 15-year, 11% bonds at 98. Interest payment dates are April 1 and October 1. The company follows ASPE and uses the straight-line method of bond discount amortization. On March 1, 2021, Bramble extinguished 3,000 of the bonds by issuing 90,000 shares. At this time, the accrued interest was paid in cash to the bondholders whose bonds were being extinguished. In a separate transaction on March 1, 2021, 120,000 of the company's shares sold for $32 per share.
Problem 1: What are the Bramble Corp.'s journal entries to record the extinguishment of 3,000 bonds by the issuance of common shares (no reversing entries are made) on March 1, 2021.
Create estimated contribution margins by product line for the next fiscal quarter. Also, show the contribution margins per unit.
Compute the capitalizable borrowing cost. Jojo Company loaned P 2,500,000 from the bank for a construction of a building during the year 2020.
Harrison Corporation generates capital gains/(losses) of $30,000, $2,000, ($40,000) What is Harrison's capital loss carry forward into 2020
What amount of cash was paid for interest in April? May? June? May sales on account were $510,000. The inventory had cost $305,000.
Why does a nation that they have a facility inside undergoes a political shift such as a new government, war, or less favorable trade deals are passed
From the e-Activity, examine the costs that Wal-Mart includes in inventory and cost of sales. Defend the three (3) descriptions that Wal-Mart used to classify inventories, and suggest two (2) other descriptions that Wal-Mart could include within t..
Identify the type of auditor's report to be issued for each of these situations and justify answer by discussing the relevant audit issues
Cash paid, $110,000 & the supplier took the old furniture. Record Corplex Ltd. exchange of old furniture for new
statements of retained earning in its most recent financial statements newhouse inc. reported 50 million of net income
Materials Inventory should be 30% of the following month's production needs. The budgeted purchases of pounds of direct material B during May should b
Day successfully defends the patent at a cost of $162,000, extending the patent's life to 12/31/22. What is the amount of amortization expense would Day record
Describe 3 reasons that a smaller down payment might be more beneficial. How would a 20% or higher down payment help in purchasing a home?
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