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!
Aubrey Inc. issued $5,770,200 of 8%, 10-year convertible bonds on June 1, 2014, at 98 plus accrued interest. The bonds were dated April 1, 2014, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2015, $2,163,825 of these bonds were converted into 30,400 shares of $16 par value common stock. Accrued interest was paid in cash at the time of conversion.
Prepare the entry to record the interest expense at October 1, 2014. Assume that accrued interest payable was credited when the bonds were issued. (b) Prepare the entry to record the conversion on April 1, 2015. (Book value method is used.) Assume that the entry to record amortization of the bond discount and interest payment has been made.
Matt owns a small convenience store and a customer trips on a loose tile. Which of the following best describes Matt's liability for the accident? 1 He is not liable because he did not owe a duty of care to the customer2 Matt was obligated to warn th..
The first payment is $300 and each successive payment will increase by a constant dollar amount x. How much is the constant amount x? How much is the 48th payment?
Many companies market their products and/or services to children or young teens. Identify one product and/or service that does this. Do you feel it is appropriate to market this product or service to this age group? Explain. Does this approach fit th..
July 15 Borrowed $5,000 cash from the bank, giving a 60-day non-interest-bearing note. The note is discounted 12% by the bank.
Which factor would cause an UNFAVORABLE material quantity variance?
From the following list, identify the accounts that should be closed to Income Summary at the end of the fiscal year under a perpetual inventory system:
Evaluate amount of units must be sold in order to realize an operating income of $50,000?
To address inconsistencies and weaknesses, a comprehensive revenue recognition model was developed entitled the. The third step in the process for revenue recognition is to. The last step in the process for revenue recognition is to.
On June 1, 2012, Andre Company and Agassi Company merged to form Lancaster Inc. A total of 869,000 shares were issued to complete the merger. The new corporation reports on a calendar-year basis. On April 1, 2014, the company issued an additional 623..
Janice acquires machinery in 2015 that qualifies as seven year MACRS property and has a $100,000 basis for depreciation. The half year convention is applied in the year of acquisition. In December 2016, the machinery is sold. What is Janice’s depreci..
A machine cost $300,000, has annual depreciation expense of $60,000, and has accumulated depreciation of $150,000 on December 31, 2017. On April 1, 2018, when the machine has a fair value of $120,000, it is exchanged for a similar machine with a fair..
Payment of cash dividends are recorded as a decrease in cash and an increase in expenses a decrease in cash and a decrease in retained earnings an increase in dividend expense and a decrease in cash a decrease in cash and a decrease in..
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