The 100 bonds were issued in 2003 at 970 to yield 10 Interest is paid semiannually on June 30 and December 31 Each 1000 bond is convertible into 40 shares of the Companys no par common stock The 110 bonds were issued in 2007 at 104 to yield 10 Interest is paid semiannually on June 30 and December 31 Each 1000 bond was issued with 40 detachable stock warrants each of which entitles the holder to purchase one share of the Companys no par common stock for 20 beginning 2017

Answer rating: 100% (QA)

Answer of all parts are given below 1 Event Particulars Debit Credit 1 Cash 97 x 200 million 194 Dis... View the full answer