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 1, 2011, Gless Textiles issued $12 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30 and December 31. Each $1,000 bond is convertible into 40 shares of Gless's no par common stock. Bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). Century Services purchased 10% of the issue as an investment.
Required:
1. Prepare the journal entries for the issuance of the bonds by Gless and the purchase of the bond investment by Century.
2. Prepare the journal entries for the June 30, 2015, interest payment by both Gless and Century assuming both use the straight-line method.
3. On July 1, 2016, when Gless's common stock had a market price of $33 per share, Century converted the bonds it held. Prepare the journal entries by both Gless and Century for the conversion of the bonds (book value method).
Identify whether the transactions described should be recorded by Cameron Companies during December 2014 (fill in the blank with a D) or January 2015 (fill in the blank with a J).
Which setting tends to be warmer on a given day and why? Also, are there any factors other than albedo that might affect the temperature differences between the two settings?
discuss the positive and negative results of affirmative action legislation. given this do you think that affirmative
equipment acquired on january 3 2005 at a cost of 147500 has an estimated useful life of eight years and an estimated
Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of $250 per share. By what amount will Fink's Paid-in capital - excess of par increase for this transaction?
Last month when Harrison Creations, Inc., sold 40,000 units, total sales were $300,000, total variable expenses were $240,000, and fixed expenses were $45,000.
Think back over what you have studied and learned in this course. Do you have a new perception of or appreciation for the field of accounting and how it contributes to business? Explain
evaluate the various types of foreign currency transactions based on the difficulty in accounting for each type of
variable costs are 80 per unit and fixed costs are 40000. sales are estimated to be 4000 units. a. how much would
piper pipes has the following inventory data
Big Al's Pizza Managerial Accounting Part Seven: Using net present value (NPV) analysis compare the present value of the lease payments with the cost of buying the equipment to replace the leased equipment as explained in Part Seven. Assume a 10% ..
the annual dividend on 3.60 cumulative preferred 400000 shares authorized 180000 shares issued 148200 shares
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