Question: kindly help me answer this question Problem 6: At the beginning of the year, COMET Company decided to raise additional capital by issuing 8,000 of

kindly help me answer this question

kindly help me answer this question Problem 6: At Problem 6: At the beginning of the year, COMET Company decided to raise additional capital by issuing 8,000 of P1,ooo face amount 5-year bonds with interest rate of 12% payable semi-annually on June 30 and December 31. To help the sale of the bonds, share warrants are issued - one warrant for each #10Re bond sold. The warrant entitles the holder to purchase five shares at P85 per share. The par value of the share is P50. It is reliably determined that the value of the warrants is $25 each at the time of the issuance of the bonds. The bonds are sold at no with warrants. The market rate of interest for similar bonds without the warrants is 14%. On December 1, 2021, half of the warrants are exercised and the rest expired. The following present value factors are made available: PV of 1 at 12% for 5 periods .5674 PV of an ordinary annuity of 1 at 12% for 5 3.6048 periods PV of 1 at 12% for 10 3220 PV of an ordinary annuity of 1 at 12% for 5.6502 periods 10 periods PV of 1 at 6% for 10 periods .5584 PV of an ordinary annuity of 1 at 6% for 10 7.3601 periods PV of 1 at 14% for 5 periods .5194 PV of an ordinary annuity of 1 at 14% for 5 3.4331 periods PV of 1 at 14% for 10 2697 PV of an ordinary annuity of 1 at 14% for 5.2161 periods 10 periods PV of 1 at 7% for 10 periods 5083 PV of an ordinary annuity of 1 at 7% for 10 7.0236 periods Requirements: L. Prepare all entries for 2021. M. Compute or provide the answers for the following: 26. What is the issue price of the bonds without warrants? 27. What is the equity component upon initial recognition? 28. How much is the premium or discount on bonds upon issuance? (In the google form, if. discount. put a negative sign before the numerical figure.) 29. How much cash was received upon the exercise of half of the warrants? 30. How much did the shareholders' equity increase brought about by the transactions.. involving the bonds with warrants

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