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!
Question - Convertible Bonds - Company X issues on 1/1/2021 a convertible bond with $100,000 face value, 8.2% coupon rate, and 10 years of annual payments on 12/31. The issuance price is $111,000. Market rate is 7%. The conversion option is that every $1,000 face value of bonds is converted to 85 shares. (Discount factors for 7% and 10 years: 0.5083 single sum, 7.0236 annuity). Answer the following:
a) If Company X uses IFRS, what would be journal entry on 1/1/2021 to record the issuance?
b) If Company X is using US GAAP, what would be journal entry on 1/1/2021 to record the issuance?
c) What would be the effective interest rate used in the bond's amortization schedule under IFRS and US GAAP?
d) The bond was converted on 1/1/2022 to common shares (assume the shares are no-par). Record the journal entry for the conversion under US GAAP and IFRS.
Fixed asset with a carrying amount in excess of its current market value. At what amount should the partnership record each of the assets contributed?
If a share paid a dividend of $6.25, has expected earnings of $8.50, an expected growth rate of 6.7%, what the intrinsic value of the share
Activity-Based Budgeting Fermi Company decided to look more closely at the materials receiving activity in its factory.
Warranties have not been recognised in the financial reporting. Describe potential fraud schemes that could explain the suspicious issues
What is the amount of income from the LLC that Violet must report for her tax year ending December 31, 2020
Prepare a multiple-step income statement, in proper form, for the year ended December
What regular income tax consequences and AMT consequences arise for Christopher as a result of the sale of these shares
rossi company has the following projected account balances for june 30 20x9 accounts payable 60000
What was Thurman's share of income or loss for the first year? Thurman has to invest an additional $13,000 per year so the % will change annually.
Use this information to prepare the General Journal entry (without explanation) for August 2. If no entry is required then write "No Entry Required."
The present value of the future payments is $510,700. What is the transaction price and when recognized
Find a web site that produces a large amount of dat a. Investigate caching by running fetchall twice in succession to see whether the rep orted time changes much. Do you get the same content each time? Modif y fetchall to print its output to a fil..
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