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Question 9 4 pts On July 22, 2020, Floor Corp. sold $2,500,000, 20-year, 8% bonds for...
On January 1, 2014, Kevin Corp. issues 5,000 bonds with warrants attached that give the holder...
On January 1, 2014, Kevin Corp. issues 5,000 bonds with warrants attached that give the holder the option to buy a share of common stock (par value $1) at some time in the future for $50. • Each individual bond has a face amount of $1,000 and comes with 10 detachable warrants. The bonds (with the attached warrants) were issued at 103. • Just after issuance, the bonds alone (i.e., without the warrants) were trading at 97 on the secondary...
On January 1, 2018, Marigold Corp. had 372000 shares of its $2 par value common stock...
On January 1, 2018, Marigold Corp. had 372000 shares of its $2 par value common stock outstanding. On March 1, Marigold sold an additional 750000 shares on the open market at $20 per share. Marigold issued a 20% stock dividend on May 1. On August 1, Marigold purchased 4120000 shares and immediately retired the stock. On November 1, 607000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? (Rounded to the nearest...
On September 1, 2020, Crane Corp. sold at 105 (plus accrued interest) 5,500 of its $1,000...
On September 1, 2020, Crane Corp. sold at 105 (plus accrued interest) 5,500 of its $1,000 face value, 10–year, 10% non–convertible bonds with detachable stock warrants. Each bond carried 2 detachable warrants; each warrant was for one common share at a specified option price of $12 per share. Shortly after issuance, the warrants were selling for $6 each. Assume that no fair value is available for the bonds. Interest is payable on December 1 and June 1. Crane Corp. prepares...
on september 30,2017, Gargiola inc. Issued 4millions of 10 year, 8% convertible bonds for 4.6millions. The...
on september 30,2017, Gargiola inc. Issued 4millions of 10 year, 8% convertible bonds for 4.6millions. The bonds pay interest on march 31 and September 30 and mature on September 30, 2027. Each 1000$ bond can be converted into 80 no par value common shares. In addition, each bond include 20 detachable warrants. Each warrant can be used to purchase one common share at an exercise price of 15$. Immediately after the bond issuance, the warrants traded at 3$ each. Without...
On September 1, 2020, Crane Corp. sold at 105 (plus accrued interest) 5,500 of its $1,000...
On September 1, 2020, Crane Corp. sold at 105 (plus accrued interest) 5,500 of its $1,000 face value, 10–year, 10% non–convertible bonds with detachable stock warrants. Each bond carried 2 detachable warrants; each warrant was for one common share at a specified option price of $12 per share. Shortly after issuance, the warrants were selling for $6 each. Assume that no fair value is available for the bonds. Interest is payable on December 1 and June 1. Crane Corp. prepares...
Dilutive Securities and EPS Worksheets Part 1: Convertible Securities and Detachable Warrants I. JAMC Corp. issues...
Dilutive Securities and EPS Worksheets Part 1: Convertible Securities and Detachable Warrants I. JAMC Corp. issues $10,000,000 of bonds on May 24, 2018 at a discount of $600,000. Interest on the bonds is payable each October 24 and May 24 Each $1,000 bond (i.e., there were 10,000 issued) is convertible to 20 shares of common stock (par value $3). On October 24, 2022, 2,000 of the bonds are converted. At the time of the conversion, the total remaining unamortized discount...
On July 1, 2020, Bridgeport Corporation issued $3,100,000 of 9% bonds payable in 20 years. The...
On July 1, 2020, Bridgeport Corporation issued $3,100,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par value common stock at any time during the next 10 years. The bonds were sold for $3,100,000. The value of the warrants at the time of issuance was $105,000. Prepare the journal entry to record this transaction. (If no entry is required, select "No entry" for...
On July 1, 2020, Billie Corporation issues $10,000,000 of 5% bonds at 103.2, with a maturity...
On July 1, 2020, Billie Corporation issues $10,000,000 of 5% bonds at 103.2, with a maturity date of June 30, 2030. Eight detachable stock warrants are included with each $1,000 bond and each warrant entitles the holder to purchase one share of Billie’s common stock, $0.01 par value, for $60. On July 1, 2020, the fair value of Billie’s common stock is $48.50 per share, the new bonds trade separately at a price of 99.84, and the warrants trade at...
On December 30, 2018, Cowgirlz, Inc. issued $500,000 8% ten-year bonds at 104. Each $1,000 bond...
On December 30, 2018, Cowgirlz, Inc. issued $500,000 8% ten-year bonds at 104. Each $1,000 bond carried one detachable warrant for one share of common stock at a price of $25 share. Immediately after issuance, the market v was $60,000. What amount, if any, should be allocated to the warrants at the date of issuance? a $60 000 alue of the bonds without the warrants was $540,000 and the market value of the warrants in total
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%,...
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 1...
On January 1, 2018, Marigold Corp. had 372000 shares of its $2 par value common stock outstanding. On March 1, Marigold sold an additional 750000 shares on the open market at $20 per share. Marigold issued a 20% stock dividend on May 1. On August 1, Marigold purchased 4120000 shares and immediately retired the stock. On November 1, 607000 shares were sold for $25 per share. What is the weighted-average number of shares outstanding for 2018? (Rounded to the nearest...
Dilutive Securities and EPS Worksheets Part 1: Convertible Securities and Detachable Warrants I. JAMC Corp. issues $10,000,000 of bonds on May 24, 2018 at a discount of $600,000. Interest on the bonds is payable each October 24 and May 24 Each $1,000 bond (i.e., there were 10,000 issued) is convertible to 20 shares of common stock (par value $3). On October 24, 2022, 2,000 of the bonds are converted. At the time of the conversion, the total remaining unamortized discount...
On July 1, 2020, Bridgeport Corporation issued $3,100,000 of 9% bonds payable in 20 years. The bonds include detachable warrants giving the bondholder the right to purchase for $30 one share of $1 par value common stock at any time during the next 10 years. The bonds were sold for $3,100,000. The value of the warrants at the time of issuance was $105,000. Prepare the journal entry to record this transaction. (If no entry is required, select "No entry" for...
On December 30, 2018, Cowgirlz, Inc. issued $500,000 8% ten-year bonds at 104. Each $1,000 bond carried one detachable warrant for one share of common stock at a price of $25 share. Immediately after issuance, the market v was $60,000. What amount, if any, should be allocated to the warrants at the date of issuance? a $60 000 alue of the bonds without the warrants was $540,000 and the market value of the warrants in total
On September 1, 2020, Blue Company sold at 104 (plus accrued interest) 5,520 of its 8%, 10-year, $1,000 face value, nonconvertible bonds with detachable stock warrants. Each bond carried two detachable warrants. Each warrant was for one share of common stock at a specified option price of $16 per share. Shortly after issuance, the warrants were quoted on the market for $3 each. No fair value can be determined for the Blue Company bonds. Interest is payable on December 1...
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