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Question - Pronghorn Inc. has decided to raise additional capital by issuing $162,000 face value of bonds with a coupon rate of 10%. In discussions with investment bankers, it was determined that to help the sale of the bonds, detachable stock warrants should be issued at the rate of one warrant for each $100 bond sold. The value of the bonds without the warrants is considered to be $126,650, and the value of the warrants in the market is $22,350. The bonds sold in the market at issuance for $151,500.
(a) What entry should be made at the time of the issuance of the bonds and warrants?
(b) Prepare the entry if the warrants were non-detachable.
How is the information provided to a user of a not-for-profit hospital's financial statements different from that provided by a "generic" not-for-profit?
Discuss the difference between book values and market values and explain which one is more important to the financial manager and why.
Turner Corporation borrowed $50,000 on November 1, 2013, by signing a $51,125, 3-month, Prepare the journal entry on November 1, 2013
ACC203 Accounting Information Individual Assignment. You have to provide an individual work report on how you have worked to produce your MYOB assignment. Major part of your individual report is to practice "Audit Around the Computer Approach" and ..
Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Prepare a production cost report for the month of August
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What is the total amount posted to the accounts payable control and office supplies accounts from the purchases journal for November?
Balance of Work in Process and Finished Goods, Cost of Goods Sold Zanthum Company uses job-order costing. At the end of the month, the following information.
You are evaluating your company's recent operating performance and are trying to decide on the relative weights you should put on the income statement, balance sheet, and statement of cash flows.
The following transactions involve intangible assets of Penner Co occurring on or near Dec 31, 2004. Write journal entries needed at the date to record the transaction and at December 31, 2005 to record any resultant amortization. Write NA if no e..
what is the minimum price to be charged for the board from the Fabrication Division to the Electronic Assembly Division
Vahala Inc's fiscal year ends on December 31, 2005. What is the amount of accrued interest payable at December 31, 2005? Please show work
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