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Question - Reds, Inc. had outstanding 10%, P1 million face value convertible bonds maturing on December 31, 2018 on which interest is paid June 30 and December 31. After amortization through June 30, 2016, the unamortized balance in the bond discount account was P30,000. The share premium from bond conversion privilege had a balance of P50,000. On that date, all of these bonds were converted into 40,000 ordinary shares with P20 par value. at that time, each share of Reds ordinary share capital sells for P23. Reds incurred expenses of P10,000 in connection with the conversion. What the conversion of the bonds to ordinary shares hall result to an increase in share premium?
Outline two mechanisms that an accountant working in a large accountancy firm could take to prevent unauthorized disclosure of confidential information.
Describe the process of arbitrage from levered to unlevered firm. Provide an example. Explain the process with the help of a numerical example.
ACCT3103 ACCOUNTING FOR COPORATE STRUCTURES - Problem is analysed with integration of relevant research of accounting standards and data
Annual pay bonds with a face value of $1,000 and a coupon rate of 5.5%. The bonds will be sold for 940. What is the YTM of the bonds when they are sold?
Make all journal entries required for the year ended September 30, 2020. Use Materials, Cash, Payables for costs incurred to date.
The following operating information reports the results of McKinney Company’s production and sale of 16,000 air-conditioned motorcycle helmets last year. McKinney has sufficient idle capacity to fill the order, which would not affect the company’s co..
What are the steps to conducting tax research in preparing for the audit? What are a tax practitioner's responsibilities when providing advice?
Which of the entries to record the sale that Tomfoolery should make? Tomfoolery Ltd enters into a sale-and-leaseback arrangement for an aircraft it owns.
In the month of March, Helen's Salon services 660 clients at an average price of $160. During the month, fixed costs were $21,700 and variable costs were 65% of sales. Determine the contribution margin in dollars, per unit, and as a ratio.
What total amount of income from the investments should be reported by the investor in the profit or loss for the year 2020
How does the fluctuation in exchange rates affect Butanta's 2015 income statement? How does the fluctuation in exchange rates affect Butanta
How do you calculate the intrinsic value of Apple using the asset valuation model? Also, how do you calculate the rate of return?
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