A company sold 500 shares of stock at $5 each and issued 100 bonds at $1000 each

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A company sold 500 shares of stock at $5 each and issued 100 bonds at $1000 each in 2015. Now, the company's stock is being sold at $40 per share. The current market value of the bonds is a total of $150,000.

a.In 2015, what was the book value of the assets?

b. What are the book value and market value of the company now?

c. What is the market value of the assets now?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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Posted Date: Apr 15, 2023 01:37 AM

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A company sold 500 shares of stock at $5 each and issued 100 bonds at $1000 each

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SOLUTION a In 2015 what was the book value of the assets The book value of the assets in 2015 can be calculated as the sum of the stock sold and the b... View the full answer

Intermediate Accounting

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