Company issued 1,000 bonds each with a par value of $1,000 and each carrying a detachable...
Company issued 1,000 bonds each with a par value of $1,000 and each carrying a detachable warrant for the purchase of 4 shares of stock at $40 each. On the day of the bond issue, the bond could have been issued without warrants at par while the warrants could have been sold separately for $60. The amount received for the combined instrument on the date of the issue was $1,025,000. Using the proportional method, record the issue of the two securities.
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Company issued 1,000 bonds each with a par value of $1,000 and
each carrying a detachable...
4. (15 pts) York Company issued 1,000 bonds each with a par value of $1,000 and...
4. (15 pts) York Company issued 1,000 bonds each with a par value of $1,000 and each carrying a detachable warrant for the purchase of 4 shares of stock at $40 each. On the day of the bond issue, the bond could have been issued without warrants at par while the warrants could have been sold separately for $60. The amount received for the combined instrument on the date of the issue was $1,025,000. Using the proportional method, record the...
Monty Corporation issued 1,500 $1,000 bonds at 101. Each bond was issued with one detachable stock...
Monty Corporation issued 1,500 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 97. The market price of the warrants without the bonds cannot be determined. Use the incremental method to record the issuance of the bonds and warrants.
Cullumber Corporation issued 1,900 $1,000 bonds at 101. Each bond was issued with one detachable stock...
Cullumber Corporation issued 1,900 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market price of $38. Use the proportional method to record the issuance of the bonds and warrants.
Margolf Corp. issued 2,000, $1,000 bonds at 101. Each bond was issued with one detachable stock...
Margolf Corp. issued 2,000, $1,000 bonds at 101. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling in the market at 98, and the warrants had a market value of $40. Use the proportional method to record the issuance of the bonds and warrants PLEASE SHOW YOUR WORK
Blossom Corporation issued 1,200 $1,000 bonds at 103. Each bond was issued with one detachable stock...
Blossom Corporation issued 1,200 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 97. The market price of the warrants without the bonds cannot be determined. Use the incremental method to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o...
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...
Please help! Fort Company issued 5,500 of its $1,000 par value bonds for $1,520, providing total...
Please help!
Fort Company issued 5,500 of its $1,000 par value bonds for $1,520, providing total cash proceeds of $8,360,000. The market price of Fort's common shares on the date that it issued the bonds was $22 per share. It sold the bonds with 385,000 detachable warrants to acquire 385,000 shares of the company's $1 par value common stock for $22 per share. That is, each bond carries 70 warrants x 5,500 bonds = 385,000 shares. Fort had existing bonds...
Please Help with the Part D Riley Company issued 4,300 of its $1,000 par value bonds...
Please Help with the Part
D
Riley Company issued 4,300 of its $1,000 par value bonds for $1,470, providing total cash proceeds of $6,321,000. There are no bond issue costs. The market price of Riley's common shares on the date that the bonds were issued was $55 per share. The bonds were sold with 92,000 warrants to acquire 92,000 shares of the company's $2 par value common stock for $65 per share. That is, each bond carries 20 warrants. Riley...
Nugent Company issued 2,000 $1,000 bonds at 103. Each bond contains 20 detachable stock warrants that...
Nugent Company issued 2,000 $1,000 bonds at 103. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Nugent's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. Approximately how much will be credited to Additional Paid-in Capital-Stock Warrants? $154,597 $160,000 None of these is correct $60,000 $0
On May 1, 2017, Tamarisk Company issued 1,400 $1,000 bonds at 102. Each bond was issued with one detachable stock warran...
On May 1, 2017, Tamarisk Company issued 1,400 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 97, but the fair value of the warrants cannot be determined. (a) Prepare the entry to record the issuance of the bonds and warrants (b) Assume the same facts as part (a), except that the warrants had a fair value of $22. Prepare the entry to record the issuance of the...
4. (15 pts) York Company issued 1,000 bonds each with a par value of $1,000 and each carrying a detachable warrant for the purchase of 4 shares of stock at $40 each. On the day of the bond issue, the bond could have been issued without warrants at par while the warrants could have been sold separately for $60. The amount received for the combined instrument on the date of the issue was $1,025,000. Using the proportional method, record the...
Blossom Corporation issued 1,200 $1,000 bonds at 103. Each bond was issued with one detachable stock warrant. After issuance, the bonds were selling separately at 97. The market price of the warrants without the bonds cannot be determined. Use the incremental method to record the issuance of the bonds and warrants. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o...
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...
Please help!
Fort Company issued 5,500 of its $1,000 par value bonds for $1,520, providing total cash proceeds of $8,360,000. The market price of Fort's common shares on the date that it issued the bonds was $22 per share. It sold the bonds with 385,000 detachable warrants to acquire 385,000 shares of the company's $1 par value common stock for $22 per share. That is, each bond carries 70 warrants x 5,500 bonds = 385,000 shares. Fort had existing bonds...
Please Help with the Part
D
Riley Company issued 4,300 of its $1,000 par value bonds for $1,470, providing total cash proceeds of $6,321,000. There are no bond issue costs. The market price of Riley's common shares on the date that the bonds were issued was $55 per share. The bonds were sold with 92,000 warrants to acquire 92,000 shares of the company's $2 par value common stock for $65 per share. That is, each bond carries 20 warrants. Riley...
Nugent Company issued 2,000 $1,000 bonds at 103. Each bond contains 20 detachable stock warrants that allow the bondholder to purchase a share of Nugent's common stock for $50. Immediately after the issue, the warrants were selling for $4 each and the bonds without the warrants were selling for $986. Approximately how much will be credited to Additional Paid-in Capital-Stock Warrants? $154,597 $160,000 None of these is correct $60,000 $0
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