Reference no: EM132646095
Questions -
Q1. On August 1, 2012, White Co. acquired Black Co. bonds with a face value of P90,000 at 95 plus accrued interest. Interest of 12% per annum is payable semi-annually on April 1 and October 1. The bonds were issued on April 1, 2012. Bonds of P30,000 mature at annual interval beginning April 1, 2013.
Required -
a) Prepare the amortization table following the bond outstanding method.
b) Prepare entries related to the bonds for the year 2012-2014.
Q2. On June 30, 2012, the original issue date, Sellers Inc. purchased P500,000 of 10-year 12% convertible bonds at 104. The bonds are convertible into 50 shares of P10 par value ordinary shares for each P1,000 bond. The interest is payable semi-annually on June 30 and December 31. It is reliably determined that the bonds would sell only at 98 without the conversion privileged. On March 31, 2013, Sellers Inc. converts P300,000 of the bonds. On March 31, 2013, the market price of the ordinary shares is P30 per share. It is reliably determined that the bonds would sell only at 98 without the conversion privileged.
Required -
a) Prepare entries related to the convertible bonds for the year 2012-2013.
b) What is the gain or (loss) on the conversion of the bonds?
What is the example of risk capacity
: What is an example story that illustrates what you believe to be the person's RISK TOLERANCE, RISK CAPACITY AND RISK PERCEPTION?
|
What are printer total deductible expenses for tax purposes
: Assume same facts as above, except that the $31,000 was incurred for in-house lobbying expenses. What are Printer's total deductible expenses for tax purposes
|
Find how much sum of hospital general total liabilities
: Hospital General has total current assets of $500,000 total current liabilities, how much is the sum of Hospital General's Total Liabilities & Equity?
|
Discussion about an experience you have encountered
: Complete a 250-350-word reflection of what you have learned during this topic. Include the following in your reflection: Think about an experience you've.
|
What is the gain or loss on the conversion of the bonds
: On June 30, 2012, the original issue date, Sellers Inc. purchased P500,000 of 10-year 12% convertible bonds at 104. What is the gain or loss on the conversion
|
Describe the transition that employee go through
: Describe the transition that employee go through when they are promoted to management
|
What the future value or fv of putting dollar one
: Whats the FUTURE value or FV of putting $1 in a savings account today, and leaving in there for 2 years, if the bank is paying 10%? If its only paying 5%?
|
Explaining the methods of business communication
: Using the principles of effective written communication as a guideline when explaining the following methods of business communication each one separately
|
Describe the process of rational drug choice
: Describe the process of rational drug choice for this case study. In your process, discuss your thought processing of anti-inflammatory agents, topical agents.
|