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E13-4B (Lump-Sum Sale of Stock with Bonds) Zurg, Inc. is an SEC registrant, and its securities are thinly traded on NASDAQ (National Association of Securities Dealers Quotes). Zurg, Inc. issued 10,000 units. Each unit consists of a $1,000 par, 16% subordinated debenture and 5 shares of $5 par common stock. The investment banker has retained 500 units as the underwriting fee. The other 9,500 units were sold to outside investors for cash at $1,150 per unit. Prior to this sale the 2-week ask price of common stock was $25 per share. Sixteen per- cent is a reasonable market yield for the debentures, and therefore the par value of the bonds is equal to the fair value. Instructions (a) Prepare the journal entry to record the previous transaction, under the following conditions. (1) Employing the incremental method. (2) Employing the proportional method, assuming the recent price quotes on the common stock reflect fair value. (b) Briefly explain which method is, in your opinion, the better method.
why might companies have an incentive to finance their foreign operations with as much debt as possible?a. interest
preparing a comprehensive
Top company holds 90% of Bottom Company's common stock. In current year, Top reports sales of $800,000 and Cost of Goods sold of $600,000. For this sam period,
SIMCO Commercial Corporation (SCC) is located in Godalming, United Kingdom (U.K.). SCC is owned by an investment group located in London and all corporate functions are performed in Godalming.
on the navigation bar make the following selections to record a payment on account a. on the customers amp sales
zodiac company has decided to introduce a new product which can be manufactured by either a computer-assisted
Prove the financial ability of this firm to execute this vision and strategy using tools, skills, and knowledge learned in the MBA program. You must provide hard numbers to defend your position.
Some companies implement systems to reduce defects in finished products with the goal of achieving zero defects. What are these systems called?
Identify the limitation of the internal control system. Provide at least 3 limitations. Provide at least 2 examples of internal control procedures and explain how these procedures can be implemnted. Identify symptoms of a lack of internal control.
Kelly Clarkson manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May.
A company purchased an aircraft for $400,000 and leased it for 20 years. If the company wants to earn an annual return of 10% what will be the annual rental.
Straight-line depreciation of $162,000 had been taken on the building. What is the amount and initial character of the gain or loss from disposition of the real estate? Is any of the gain unrecaptured § 1250 (25%) gain?
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