Eisler Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable share warrant. At issuance, the net present value of the bonds without the warrants was $1,970,000. Prepare the journal entry to record the issuance of the bonds and the share warrants.
Answer to relevant QuestionsParsons Corporation issued 3,000 €1,000 bonds at 98. Each bond was issued with one detachable share warrant. At issuance, the net present value of the bonds without the warrants was €2,910,000. Prepare the journal entry ...Rockland Corporation earned net income of R300,000 in 2010 and had 100,000 ordinary shares outstanding throughout the year. Also outstanding all year was R800,000 of 10% bonds, which are convertible into 16,000 ordinary ...Schuss Inc. issued €3,000,000 of 10%, 10-year convertible bonds on April 1, 2010, at 98. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually using the ...On January 1, 2009, Scooby Corporation granted 10,000 options to key executives. Each option allows the executive to purchase one share of Scooby’s $5 par value ordinary shares at a price of $20 per share. The options were ...Werth Corporation earned $260,000 during a period when it had an average of 100,000 ordinary shares outstanding. The ordinary shares sold at an average market price of $15 per share during the period. Also outstanding were ...
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