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QUESTION 11 On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%,...
On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds....
On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 20 shares of Jones' common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 90, and the market value of each stock purchase warrant was $10. The initial carrying value of the bonds payable would be: $945,000 $900,000 $1,000,000 $1,055,000 QUESTION 10 On...
On December 1, 2018, Waterway Industries issued at 102, 710 of its 8%, $1,000 bonds. Attached...
On December 1, 2018, Waterway Industries issued at 102, 710 of its 8%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 10 shares of Waterway's common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 95, and the market value of each stock purchase warrant was $50. The amount of the proceeds from the issuance that should be accounted for as the initial carrying value...
During 2018, Bramble Corp. issued at 105 460, $1000 bonds due in ten years. One detachable...
During 2018, Bramble Corp. issued at 105 460, $1000 bonds due in ten years. One detachable stock warrant entitling the holder to purchase 15 shares of Bramble’s common stock was attached to each bond. At the date of issuance, the market value of the bonds, without the stock warrants, was quoted at 97. The market value of each detachable warrant was quoted at $40. What amount, if any, of the proceeds from the issuance should be accounted for as part...
On August 1, 2018, Limbaugh Communications issued $22 million of 11% nonconvertible bonds at 105. The...
On August 1, 2018, Limbaugh Communications issued $22 million of 11% nonconvertible bonds at 105. The bonds are due on July 31, 2038. Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitled the bondholder to purchase, for $50, one share of Limbaugh Communications’ no par common stock. Interstate Containers purchased 20% of the bond issue. On August 1, 2018, the market value of the common stock was $48 per share and the market value of...
1 question 2 parts On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at...
1 question 2 parts
On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at 105. Each $1,000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $15 per share and the market value of each warrant was $2. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities?...
On April 1, 2018, Windel Corporation issued bonds with detachable warrants. Information related to these bonds...
On April 1, 2018, Windel Corporation issued bonds with detachable warrants. Information related to these bonds is shown below: Face value of bonds $325,000 Stated rate of interest 8% Bonds issued at 106% Each $1,000 bond was sold with 20 detachable warrants Each warrant allowed the investor to purchase one share of common stock for $16 The par value of the common stock is $4.00 On April 1, 2018 the market values were: Common stock $12 Warrants $7 In February...
On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at 105. Each $1,000 bond...
On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at 105. Each $1,000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $15 per share and the market value of each warrant was $2. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities? $0. $315,000. $300,000 $285,000.
During the fiscal year, Toy Co. issued bonds with a face value amount of $1.2 million...
During the fiscal year, Toy Co. issued bonds with a face value amount of $1.2 million for 105. One detachable stock warrant was attached to each of the $1,000 bonds, and each warrant permits the bearer to purchase 10 shares of Toy’s common stock at $18 per share. The market price of the stock is currently $22 per share. Each bond has a fair value of $940 without a warrant, and each warrant trades for $50. Prepare the journal entry...
on April 1, 2016. the happy city issued $ 300,000 of 10% bonds at 105. each...
on April 1, 2016. the happy city issued $ 300,000 of 10% bonds at 105. each 1000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $19. on that date the market value of each warrant was 4. on March 1, 2017, when the happy city's common stock had a market price of $20 per share, 40% of the warrants were exercised. the company's entry on march 1, 2017...
On April 1.2021. Austere Corporation issued $360,000 of 14% bonds at 105. Each $1,000 bond was...
On April 1.2021. Austere Corporation issued $360,000 of 14% bonds at 105. Each $1,000 bond was sold with 30 detachable stock warrants, each permitting the investor to purchase one share of common stock for $16. On that date, the market value of the common stock was $13 per share and the market value of each warrant was $3. Austere should record what amount of the proceeds from the bond issue as an increase in labilities? Multiple Choice O 0 5470.900...
On December 1, 2018, Jones Company issued at 105, nine hundred of its 10%, $1,000 bonds. Attached to each bond was one detachable stock warrant entitling the holder to purchase 20 shares of Jones' common stock. On December 1, 2018, the market value of the bonds, without the stock warrants, was 90, and the market value of each stock purchase warrant was $10. The initial carrying value of the bonds payable would be: $945,000 $900,000 $1,000,000 $1,055,000 QUESTION 10 On...
1 question 2 parts
On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at 105. Each $1,000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $15 per share and the market value of each warrant was $2. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities?...
On April 1, 2021, Austere Corporation issued $300,000 of 10% bonds at 105. Each $1,000 bond was sold with 25 detachable stock warrants, each permitting the investor to purchase one share of common stock for $17. On that date, the market value of the common stock was $15 per share and the market value of each warrant was $2. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities? $0. $315,000. $300,000 $285,000.
On April 1.2021. Austere Corporation issued $360,000 of 14% bonds at 105. Each $1,000 bond was sold with 30 detachable stock warrants, each permitting the investor to purchase one share of common stock for $16. On that date, the market value of the common stock was $13 per share and the market value of each warrant was $3. Austere should record what amount of the proceeds from the bond issue as an increase in labilities? Multiple Choice O 0 5470.900...
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