Accounted as part of gordon stockholders equity

Assignment Help Accounting Basics
Reference no: EM13156597

During 2010, Gordon Company issued at 104 three hundred, $1,000 bonds due in ten years. One detachable stock warrant entitling the holder to purchase 15 shares of Gordon's common stock was attached to each bond. At the date of issuance, the market value of the bonds, without the stock warrants, was quoted at 96. The market value of each detachable warrant was quoted at $40. What amount, if any, of the proceeds from the issuance should be accounted for as part of Gordon's stockholders' equity?

Reference no: EM13156597

Questions Cloud

Interpret the meaning of confidence interval for mean : A sample of 50 bottles reveals a mean weight of 502.1 ml. Construct and interpret a 90% confidence interval for the mean. Be sure to interpret the meaning of this interval.
Are the cells observed in your blood smear different : Are the cells observed in your blood smear different that the bacterial cells found on yogurt slides? Why or why not?
What is the volume of argon at stp : a student collects 31.8 mL of argon gas at a temperature of 21 Celsius and a pressure of 755 mmHg. What is the volume of argon at STP?
Is there a relationship between changes in productivity : Is there a relationship between changes in productivity and the education level or the percentage of people attaining a particular level of education as hypothesized in economics?
Accounted as part of gordon stockholders equity : At the date of issuance, the market value of the bonds, without the stock warrants, was quoted at 96. The market value of each detachable warrant was quoted at $40. What amount, if any, of the proceeds from the issuance should be accounted for as ..
Describe the pathway of conduction from the atria : Describe the pathway of conduction from the atria to the ventricles and correlate this conduction with ECG waves.
Find the value of the test statistic z for proportion : A Harris poll of 1012 adults resulted in 870 who say that they always wear a seat belt in the front seat. Find the value of the test statistic z for proportion.
What mass of glucose is produced : In photosynthesis, plants use energy from the sun in combination with carbon dioxide and water to form glucose (C6H12O6) and oxygen. If 4.50 moles of water react with carbon dioxide, what mass of glucose is produced?
Average manufacturing cost per unit : a. What is the average manufacturing cost per unit? b. What is the amount of ending finished goods inventory? c. What is the amount of gross margin?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Buying and selling division-allocation practice

There are various steps that can be used to reconcile the use of different approaches between the buying and selling divisions

  Example of significant accounting estimate

What is an example of a significant accounting estimate? What is the importance of these estimates? How do ethics play into the decision-making process? Which financial statements include significant accounting estimates?

  Adjusted balance on the bank reconciliation

What is the adjusted balance on the bank reconciliation?  Journalize any necessary entries for ABC, Inc. based on the bank reconciliation.

  Equity method throughout the year

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet?

  Comparing after-tax income

Sonja is a United States citizen who has worked in Spain for the past 10 months. She received $5,000 a month as compensation. Her employer has offered to extend Sonja's contract to work in Spain for another 5 months at the same rate of pay.

  Total sales-volume variance of revenues

Actual selling price: $7.50, $10.50. Budgeted selling price: $5.50, $10.50. Actual Sales Mix: 69%, 31%. Budgeted Sales Mix: 75%, 25%. What is the total sales-volume variance of revenues?

  What is target pricing

What is target pricing?

  Amount of cash paid on accounts payable

What was the amount of cash paid on accounts payable during the year ended December 31?

  How they should finance the wedding

Mary and Bob have been married for 25 years. They are both college professors. Mary makes $65,000 annually and Bob makes $75,000 annually.

  Sold land and subsidiary for a gain

Parent sold land to its subsidiary for a gain in 2007. The subsidiary sold the land externally for a gain in 2010. Which of the following statements is true?

  Cash dividend on common stock

A company declared a cash dividend on its common stock in December 2010, payable in January 2011.

  Preferred stock or the current stock

Assume AirJet Best Parts has also a preferred stock issue. The most recent dividend per share paid on the stock was also $1.50, the same as the common stock. Which one would you think has a higher price, the preferred stock or the current stock? E..

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!

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