User Account

All Pages

What is the carrying mount of bonds payable at year-end

Assignment Help Financial Accounting
Reference no: EM132881042

At year-end, Fort Company issued 5,000 of 8%, 10-year, P1,000 face value bonds with detachable share warrants at 110. Each bond carried a detachable warrant for ten ordinary shares of Fort Company at a specified option price of P25 per share. The par value of the ordinary share is P20. Immediately after issuance, the market value of the bonds without the warrant was P5,400,000 and the market value of the warrant was P600,000.

Problem 1. What is the carrying mount of bonds payable at year-end?

a. 5,000,000
b. 4,950,000
c. 4,900,000
d. 5,400,000

Reference no: EM132881042

Questions Cloud

What amount of the proceeds from the bond issue should be : Case Company issued P5,000,000 of 12%, What amount of the proceeds from the bond issue should be recognized as an increase in shareholders' equity?
What is the carrying amount of the bonds payable on december : On December 31, 2016, what amount should be recorded as discount or premium on bonds payable? What is the carrying amount of the bonds payable on December
Expected basic salary for a job in norge electronic : What is the expected basic salary for a job in Norge Electronic that has a job grade midpoint of 600?
Review the association for talent development : Discuss at least two of the areas of expertise listed in the ATD Competency Model. Provide examples of how you have observed or experienced successful demo
What is the carrying mount of bonds payable at year-end : What is the carrying mount of bonds payable at year-end? At year-end, Fort Company issued 5,000 of 8%, 10-year, P1,000 face value bonds
What is the gain or loss from change in fair value of bond : What is the gain or loss from change in fair value of the bonds for 2016? On January 1, 2016, Ezekiel Company received P1,077,200 for P1,000,000
What is the issue price of the bonds : What is the issue price of the bonds? At the beginning of current year, Colt Company issued ten-year bonds with a face amount
Identify three top priority issues : -Following up on Mattel Consultant Report, identify three top priority issues that CEO Ynon Kreiz and Mattel management need to address.
Marketing Assignment - Positioning Statement and Motto : MKT 100 Principles of Marketing Assignment - Positioning Statement and Motto - Strayer University, USA. Develop a positioning statement and motto for a brand

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find what percentage do sales represent of the base

$724000, and $800400 in the years 2021, 2022, and 2023, respectively. If 2021 is the base year, what percentage do 2023 sales represent of the base?

  How much will you have in account three years from today

If the bank compounds interest annually, how much will you have in your account three years from today

  How much is the total long-term assets

The table summarizes information about some assets of a firm. How much is the total long-term assets? Accounts Receivable, Machinery

  Which interim financial reports shall be minimum

Which Interim financial reports shall be minimum? A condensed statement of financial position, income statement and statement cash flows only.

  Midwest corp completed the following transactions in 2012

midwest corp completed the following transactions in 2012 the first year of operation.1. issued 20000 shares of 10 par

  Compute the break-even point in units for the company

Compute the break-even point in units for the company. Determine the number of units to be sold at the break-even point for each product line.

  What is the value of retained earning and contributed

After You have acquired this company and injected this $100 capital what is the value of retained earning and contributed capital on the balance sheet?

  Identify two things learned about responsibility centers

Identify two things you learned about responsibility centers. Explain how you think those two pieces of information can be used by managers in organizations.

  Determine shadees budgeted manufacturing cost per visor

Shadee Corp. expects to sell 600 sun visors in May and 800 in June. Each visor sells for $18. Shadee’s beginning and ending finished goods inventories for May are 75 and 50 units, respectively. Ending finished goods inventory for June will be 60 unit..

  Compute the unit sales price at which blake

Compute the unit sales price at which Blake must sell its product in the current year in order to earn a budgeted target profit of £200,000.

  Record the necessary entries in the journal entry worksheet

Record the necessary entries in the Journal Entry Worksheet. During January, Luxury Cruise Lines incurs employee salaries of $2.4 million.

  How much of depreciation expense

At the beginning 2018 it was decided to change to straight-line. The 2018 adjusting entry will include how much of depreciation expense?

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd