Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question three on january 1, 2022, lin ple issued

QUESTION THREE On January 1, 2022, Lin ple issued a cotwertible...

90.2K

Verified Solution

Question

Accounting

image
QUESTION THREE On January 1, 2022, Lin ple issued a cotwertible bond with a par value of 570,000 in the mainet for $84,000. The bonds are convertible into 6,000 ordinary shares of $1 per share par value. The bond has a 5-year life and has a stated interest rate of 105 s payable annually. The market interest rate for a similar non-convertible bond at January 1. 2022, is 8%. The liability component of the bond is computed to be $75,590. Carrying amount from the amorization schedule at December. 31.20124 is 72.496. Instructions: a. Assume that the bonds were convened on December 31. 2024. The fair value of the liability Dember 31,2024 . Assuma b. Assume that the convertibic bonds were repurenzsou component of the bond is ucwewm 2024 has

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How can we be CERTAIN we know anything at all?

Psychology
Q

Explain and include your own example of the difference between teleological and deontological perspectives Explain the differences between: Evaluative (normative)statements/judgments/claims Descriptive statements/judgments/claims And...

Psychology
Q

AL w 1 3 AL w X 3 X f X 0 X 1 BIR...

Physics
Q

12 2 There are two identical balls of mass m 0 2 kg are suspended...

Physics
Q

Discuss the logical statement in engineering term what is a conditional statement in logic What...

Geometry
Q

9 Find sinxdx a c xcos x 1 x C xsin x 1 x C...

Calculus
Q

The polynomial f x 3x4 2x 4x wx 9 is divided by x 2 For...

Calculus
Q

The following is the unadjusted trial balance for Rainbow Lodge Ltd. at its year end,...

Accounting
Q

Which of the following will increase a compary's manufacturine evele Choice B Choice C Cholce...

Accounting
Q

Class Exercise 10.1: Mulliple comparison A group of 2000 individuals from 3 different cities were...

Accounting
Q

If the company's average collection period is 25 days and industry average is 30 days,...

Finance
Q

An object to which costs are assigned is called: OA value chain O A cost...

Accounting