On January 1, 2016, Bell Co. issued $10 million of 10-year convertible bonds at 105. On...
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On January 1, 2016, Bell Co. issued $10 million of 10-year convertible bonds at 105. On January 1, 2021, the bonds were converted into common stock with a market value of $11 million. Upon conversion, Bell would recognize:
Book value method. Market value method.
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no gain or loss no gain or loss
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no gain or loss loss
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no gain or loss gain
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loss loss
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gain gain
I saw same question on chug but can't understand the calculation of carrying valure on jan1 2021.
plz solve this Q !! help me!!
Homework Answers
![Answer Book Value Method I Market value Method ] No Gain or loss loss By the book value method, we record the stocle issued a](http://img.homeworklib.com/questions/c81cebd0-73b2-11ea-a761-39de4d71d26f.png?x-oss-process=image/resize,w_560)
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On January 1, 2016, Bell Co. issued $10 million of 10-year
convertible bonds at 105. On...
On January 1, 2016, Bell Co. issued $10 million of 10-year convertible bonds at 105. On...
On January 1, 2016, Bell Co. issued $10 million of 10-year convertible bonds at 105. On January 1, 2021, the bonds were converted into common stock with a market value of $11 million. Upon conversion, Bell would recognize: Book value method. Market value method. no gain or loss no gain or loss no gain or loss loss no gain or loss gain loss loss gain gain I upload it again... plz show me the full calculation.... no hand writing plz...
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