Business, 28.01.2022 07:30 smandylee123
On September 1, 2017, Splish Company sold at 103 (plus accrued interest) 4,300 of its 6%, 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 $15 per share. Shortly after issuance, the warrants were quoted on the market for $2 each. No fair value can be determined for the Sands Company bonds. Interest is payable on December 1 and June 1.
Required:
Prepare in general journal format the entry to record the issuance of the bonds.
Answers: 1
Another question on Business
Business, 21.06.2019 15:30
Kayla and jada are roommates in new york city. both kayla and jada recently received pay raises. kayla now buys more movie tickets than before, but jada buys fewer. kayla behaves as if movie tickets are goods and jada's income elasticity of demand for movie tickets is
Answers: 2
Business, 22.06.2019 14:50
One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be:
Answers: 2
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
Business, 22.06.2019 22:40
In a fixed-term, level-payment reverse mortgage, sometimes called a reverse annuity mortgage, or ram, a lender agrees to pay the homeowner a monthly payment, or annuity, and expects to be repaid from the homeowner’s equity when he or she sells the home or obtains other financing to pay off the ram. consider a household that owns a $150,000 home free and clear of mortgage debt. the ram lender agrees to a $100,000 ram for 10 years at 6 percent. assume payments are made annually, at the beginning of each year to the homeowner. calculate the annual payment on the ram.
Answers: 1
You know the right answer?
On September 1, 2017, Splish Company sold at 103 (plus accrued interest) 4,300 of its 6%, 10-year, $...
Questions
Mathematics, 19.04.2021 04:10
Mathematics, 19.04.2021 04:10
Mathematics, 19.04.2021 04:10
History, 19.04.2021 04:10
Mathematics, 19.04.2021 04:10
