Eisler Corporation issued 2,000 $1,000 bonds at 101. Each bond was issued with one detachable stock warrant.
Question:
Eisler Corporation 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 price of $40. Use the proportional method to record the issuance of the bonds and warrants.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Issue price of Bonds 2020000 20001000101 Market value of bonds 1960000 2000100...View the full answer
Answered By
Marvine mabiya
i am a graduate of kirinyaga university degree of statistics
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Eisler Corporation issued 2,370 $1,000 bonds at 103. 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...
-
The following are unrelated transactions. 1. On March 1, 2011, Loma Corporation issued $300,000 of 8% non-convertible bonds at 104, which are due on February 28, 2028. In addition, each $1,000 bond...
-
Divac Corporation issued 1,000 $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...
-
Put all of the below items in the correct format. Don't be concerned about numbers. Just get the lines and headings all in the right places. Beginning Cash Balance CASH FLOWS FROM FINANCING...
-
The Bureau of Transportation Statistics releases information concerning the monthly percentage of U.S. airline flights that land no later than 15 minutes after scheduled arrival. The average of these...
-
What is the range of average monthly temperatures in this temperate rain forest? How does this compare to the range of average monthly temperatures in the deciduous forest (facing page)?
-
A ruler of rest length \(\ell\) is at rest in the frame of inertial observer \(\mathcal{O}\) and is at angle \(\theta\) with respect to the \(+x\)-direction. Now consider an inertial observer...
-
A Coast Guard cutter detects an unidentified ship at a distance of 20.0 km in the direction 15.0 east of north. The ship is traveling at 26.0 km/h on a course at 40.0 east of north. The Coast Guard...
-
An analyst gathered the following information from a company's 2010 financial statements (in $ millions): Balances as of Year Ended 31 December Retained Earnings Accounts Receivable Inventory...
-
The controller of Newstrom Software Inc. provides the following information as the basis for a statement of cash flows: Required: 1. Calculate the net cash provided (used) by operating activities. 2....
-
Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bonds are converted on December 31, 2012, when the unamortized discount is...
-
Douglas Corporation had 120,000 shares of stock outstanding on January 1, 2012. On May 1, 2012, Douglas issued 60,000 shares. On July 1, Douglas purchased 10,000 treasury shares, which were reissued...
-
Grand Corporation reported pretax book income of $600,000. Tax depreciation exceeded book depreciation by $400,000. In addition, the company received $300,000 of tax-exempt municipal bond interest....
-
(a) Use the information in the adjusted trial balance reported in Exercise 3-21 to compute the current ratio for Wilson Trucking. (b) Assuming Spalding (a competitor) has a current ratio of 1.5,...
-
Using Wilson Trucking Companys adjusted trial balance from Exercise 3-21, prepare its December 31 closing entries. Data from Exercise 3-21 Use the following adjusted trial balance at December 31 of...
-
Use the adjusted accounts for Stark Company from Exercise 3-16 to prepare the (1) Income statement (2) Statement of retained earnings for the year ended December 31 (3) Balance sheet at December 31....
-
In May 2018, the U.S. Energy Information Administration projected that the average retail price for regular-grade gasoline would be $2.79 per gallon for the remainder of the year. Do some research on...
-
Refer to E4-16. Required: Using the adjusted balances in E4-16, give the closing journal entry for the year ended December 31. Data From Exercise 4-16: Mint Cleaning Inc. prepared the following...
-
Marketing specialists usually celebrate when target audiences forward their messages to friends and family-essentially acting as unpaid advertising and sales representatives. In fact, the practice of...
-
In your audit of Garza Company, you find that a physical inventory on December 31, 2012, showed merchandise with a cost of $441,000 was on hand at that date. You also discover the following items...
-
Explain each of the following terms: authorized ordinary shares, unissued ordinary shares, issued ordinary shares, outstanding ordinary shares, and treasury shares.
-
Indicate how each of the following accounts should be classified in the equity section. (a) Share CapitalOrdinary (b) Retained Earnings (c) Share PremiumOrdinary (d) Treasury Shares (e) Share...
-
Indicate how each of the following accounts should be classified in the equity section. (a) Share CapitalOrdinary (b) Retained Earnings (c) Share PremiumOrdinary (d) Treasury Shares (e) Share...
-
You are a lending officer at Everyday Bank and have just completed an appointment with Hritik who is a good customer of your branch. He is a professional hockey player who makes over $ 5 million...
-
One reason to hire a certified public accountant (CPA) firm is to ll of the answers are correct. develop procedures for the accounting of all activities. put all of the statements into a standardized...
-
Cyclone Grinder Discussion Questions SCM 7870 Supply Chain Project Management Overview: The following case assignment should be completed in your case teams. The write- up should be approximately...
Study smarter with the SolutionInn App