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!
Woodie Limited issues $5 million in convertible bonds on 1 July 2012. They are issued at the fair value and pay an interest rate of 4 percent. The interest is paid at the end of each year. The bonds may be converted to ordinary shares in Woodie Limited at any time in the next three years. Firms similar to Woodie Limited have recently issued similar debt instruments but without the option for conversion to ordinary shares. These instruments issued by the other entities provide a market interest of 6 percent.
On 1 July 2013 all the holders of the convertible notes decide to convert the bonds to shares in Woodie Limited.
Required
a) Provide journal entries to:
I. record the issue of the securities on 1 July 2012.
II. recognise the interest payment on 30 June 2013.
III. recognise the conversion of the bonds to ordinary shares on 1 July 2013.
State the term- Purchases Returns and Allowances Purchases Returns and Allowances is the name of the account which provides better control of allowances and returns of mercha
How does contribution margin work?
HOW TO DO DOUBLE ENTRY QUESTIONS
norman co borrows $15,000 with a 8%interest 38,000 account receivable paid $26,000 salary
We are here left along with statement (d) that defines an accountant as a professional and emphasize his pre-occupation within management of information for internal utilization as
Assignment on Generally Accepted Accounting Principles
Q. Explain about Purchase returns and allowances? Purchase returns and allowances A purchase return takes place when a buyer returns merchandise to a seller. When a buyer recei
Q. What is periodic inventory procedure? In the periodic inventory procedure the Merchandise Inventory account is updated periodically subsequent to a physical count has been m
Upper D minus Mobile Wireless needed additional capital to? expand, so the business incorporated. The charter from the state of Georgia authorizes Upper D minus Mobile to issue
test 1
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