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!
On January 2, 2007, Picard Enterprises issued $2,400,000 of 8 percent, 15 year semi-annual coupon bonds to yield 7.5 percent. Each bond is convertible into 40 shares of $15 par common stock, which was trading at $20 per share on the date of the bond issue. The bonds were issued at 106. Without the conversion feature, the bonds would have been issued for 104.5.
1.On January 3, 2012, all of the bonds were converted into common stock. The market price of the stock was $28 per share on the date of conversion. The issue premium is amortized using the straight-line method. 2.Provide the journal entry to record issuance of the bond. 3.Provide the journal entry to record the conversion of the bonds assuming
Picard considers the conversion (a) Not to be a significant culminating transaction. (b) To be a significant culminating transaction.
Dement Publishing Division and Revenue to be recognized
How many additional shares of common stock could Carnival Corporation sell? How are shares that have not yet been issued included in the company’s balance sheet? Do they represent an asset of the company?
Compute partnership’s ordinary income and separately stated items. Compute Mark’s and Pamela’s ending basis in their partnership interests assuming their beginning balances are $150,000 each.
question norman co. borrowed 15000 from the local bank on 1st april 2012 when the company was started. the note had an
Cheatam Enterprises has a 4.2% merit rate on unemployment (top state rate is 5.4%). During the first week of the payroll tax year, Cheatam pays $20,000 in wages (no one employee earns over $7,000 during the week). What are the TOTAL payroll taxe..
Incremental analysis is the process of identifying the financial data that do not change under alternative courses of action.change under alternative courses of action.are mixed under alternative courses of action.no correct answer is given.
Prepare an income statement for the company under variable costing and explain any difference between the income under variable costing
At the end of the year, the firm's records revealed the following actual cost and operating data for all cases handled during the year.
Calculate the cost per cart using direct labor hours to assign overhead costs and What is the gross margin on a deluxe golf cart?
Demand and rental revenues for vans are relevantly consistent through the vehicle life, regardless of condition or appearance. The vans are disposed of only when they are completely worn out. The vans are generally completely worn out once they ha..
Determine the production mix at each corner point beyond the feasible production region (i.e., assuming you could produce at these coordinates)?
Find how much does Bell report as Income from Demers for the year ended 31st December, 2011 and calculate the non-controlling interest of Demers at 31st December, 2011.
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