On March 1, 2021, Doll Co. issued 10-year convertible bonds at 106. During 2024, the bonds were converted into common stock when the market price of Doll's common stock was 500 percent above its par value. Doll prepares its financial statements according to International Financial Reporting Standards (IFRS). On March 1, 2021, cash proceeds from the issuance of the convertible bonds should be reported as______?

Q: On January 1, 2019, ABC Company issued its P3,000,000, 8%, 5-year bonds that resulted in a bond…

A: Bond:- A bond could be a loan to an organization or government that pays investors a hard and fast…

Q: The December 31, 2020, balance sheet of Kepler Corp. is as follows. 10% callable, convertible…

A: Given information is: The December 31, 2020, balance sheet of Kepler Corp. is as follows. 10%…

Q: On July 1, 2022, RED TV Company purchased 1,000 of the P1000 face value, 8% bonds for P910,000 plus…

A: It has been given that the bond is held for trading activities. Hence at year-end, the investment is…

Q: On July 1, 2020, Tuttle Company had bonds payable outstanding with a face value of $350,000 and a…

A: Journal entries refers to the systematic documentation of the financial transactions of a company in…

Q: Waterway Inc. issued $15,400,000 of 12%, 40-year convertible bonds on November 1, 2020, at 98 plus…

A: a). Date Account title & Explanation Debit($) Credit($) December 31,2020 interest payable…

Q: On January 1, 2021, Madison Products issued $75 million of 8%, 10-year convertible bonds at a net…

A: A bond conversion is the process of changes bond into shares. The number of shares that a bond can…

Q: n January 1, 2022, Cai Ltd. issued a 10% convertible bond at par, with a face value of ¥100,000,…

A: Journal entry is the primary reporting of the transactions relating to business in the books of…

Q: On January 1, 2019, Shenzhen ltd. Issued a 10% convertible bond at par, with a face value $100,000…

A: A convertible bond represents a bond that can be converted into certain number of shares by its…

Q: On May 1, 2016, Maine Co. issued 10-year convertible bonds at 103. During 2018, the bonds were…

A: Convertible bonds refer to the bonds which can be converted into a definite number of common stocks…

Q: On January 1, 2020, Teal Company sold 11% bonds having a maturity value of $500.000 for $ 518.953,…

A: Annual interest payment = Face value of bonds x rate of interest x no. of months/12 = $500,000 x 11%…

Q: On January 1, 2019, Berlin Corporation issued $500,000 of 11.5% bonds due December 31, 2025, at 102.…

A: Bonds:  Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: On December 31, 2019, Buffalo Wings Co. had outstanding P20 million face value convertible bonds…

A: P20 million face value convertible bonds maturing on December 31, 2022 2,000 of the bonds exercised…

Q: On December 31, 2016, ABC Corp. issues $50,000,000 of 5%, 25-year, convertible bonds for total…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: On August 31, 2015, Chickasaw Industries issued $25 million of its 30-year, 6% convertible bonds…

A: 1.

Q: On January 1, 2021, This Company issued 12%, 3 year, P4,000,000 convertible bonds at 110. Each…

A: Working note: Computation of equity portion of financial liability:

Q: On April 1, 2020, Seminole Company sold 15,000 of its 11%, 15-year, $1,000 face value bonds at 97.…

A: Since we only answer up to 3 sub-parts, we’ll answer the first three. Please resubmit the question…

Q: On December 31, 2021, PISTACHIO Company had outstanding ₱20 million face value convertible bonds…

A: Bond is the debt instrument through which the company collects the fund. Bond holders are given 2…

Q: Aubrey Inc. issued $4,000,000 of 10%, 10-year convertible bonds on June 1, 2020, at 98 plus accrued…

A: Given information is: Aubrey Inc. issued $4,000,000 of 10%, 10-year convertible bonds on June 1,…

Q: On January 1, 2019, Sasha Inc issued 10-year, P3,000,000 face value, 6% bonds, at par. Each P1,000…

A: Earnings per share are the amount per share which the shareholder earns after deducting the…

Q: On January 1, 2017, Shredder Company issued its 10%, 4-year convertible debt instrument with a face…

A: A compound instrument refers to the security that has the qualities of financial liability and…

Q: On January 1, 2020, Safety Company issued 10,000 P1,000 bonds with 10% stated interest payable every…

A: 3.How much is the net increase/decrease in the Shareholders' Equity during 2021? [Indicate whether…

Q: On January 1, 2021, a company issued 1,000 of its 8% 5-year P5,000 convertible bonds at P200,000…

A: The carrying amount of a bond is the amount that is payable to the holder of the bond by the issuer…

Q: If the company issued RO 100,000 , 5% interest, 10-year bonds at 98 on January 1, 2021, which of the…

A: Answer Bond issued = RO98 Face value per BOND = RO100 Discount price per BOND = (RO100 - RO98) = RO2…

Q: On May 1, 2021, Payne Co. issued $1,500,000 of 7% bonds at 103, which are due on April 30, 2031.…

A: Bonds represent the liabilities on which a fixed percentage of interest has to be paid over a period…

Q: On May 1, 2021, Coronado Industries issued $2950000 of 7% bonds at 104, which are due on April 30,…

A: Bonds are the highly secured securities which are redeemable after a certain span of time.

Q: On January 1, 2021, Madison Products issued $70 million of 6%, 10-year convertible bonds at a net…

A: A bond is a borrowing security issued by a company ta raises funds from the market by making an…

Q: The December 31, 2020, balance sheet of Windsor Corp. is as follows. 9% callable, convertible…

A: Journal is the book of original entry in which all the transactions of the business are recorded…

Q: On January 1, 2025, Ariana Corporation issued its 8%, 5-year convertible debt instrument with a…

A:

Q: On March 1, 2021, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2021,…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: On May 1, 2021, Duck Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due…

A: Isssue Price of Bonds ($2000000 * 104%) $20,80,000     Fair market value of bonds ($2000000 *…

Q: On July 1, 2020, Shake Corporation issued P5,000,000 of its 10%, 7-year bonds with one detachable…

A: Bond is a debt instrument issued by a company to get the cash from the public. It carry a interest…

Q: On January 1, 2019, Yellow Company issued its P3,000,000, 8%, 5-year bonds that resulted in a bond…

A: Share Premium: The Securities Premium is a provision of the Company Law that applies to the issuance…

Q: On January 1, 2019, Yellow Company issued its P3,000,000, 8%, 5-year bonds that resulted in a bond…

A: Premium is the amount above Par Value

Q: On July 1, 2020, Tuttle Company had bonds payable outstanding with a face value of $100,000 and a…

A: The book value method is a method for recording the conversion of a bond into stock. To put it in…

Q: Hungry Hippo, Inc. called its convertible debt in 2020. The 10% $1,000,000 par value bonds were…

A:

Q: On January 2, 2019, Lindsay Corporation issued $800,000 of 8% convertible bonds at par. The bonds…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: On December 31, 2021, PISTACHIO Company had outstanding ₱20 million face value convertible bonds…

A: On December 31, 2021 P20 million convertible bonds maturing on 31-12-2024 Interest payable annually…

Q: On January 1, 2019, COT Co. issued P1,500,000, 12% convertible bonds due after 4 years. The bonds…

A: Fair value represents the market value of the asset whereas, book value represents the value of…

Q: On January 1, 2019, ABC Company issued its P3,000,000, 8%, 5-year bonds that resulted in a bond…

A: Calculation of ordinary shares obtained on conversion: = (P1,200,000 ÷ P3,000,000) × 20,000 = 8,000…

Q: OI March 1, 2021, Remy Corporation issued $1,000,000 of 8% nonconvertible bonds at 104, which are…

A: Paid-in capital is the money a company has received from investors in return for issuing stock.…

Q: On May 1, 2021, Marly Co. issued $2,500,000 of 7% bonds at 103, which are due on April 30, 2031.…

A: 1. Collection from issue of Bonds Total Bonds Issued are $25,000 Bonds Face  Value = $100 per bonds…

Q: n January 1, 2020, Shredder Company Issued its 10%, 4-year convertible debt instrument with a face…

A: solution : This is a compound instrument We need to bifurcate it into financial liability and equity…

Q: On January 1, 2020, Fruits Company issued its 8%, 5-year convertible debt instruments with a face…

A: Bonds are the instrument used in the financial market to borrow the funds from market.

Q: In 2019, Crane Ltd. issued $48,000 of 9% bonds at par, with each $1,000 bond being convertible into…

A: Diluted EPS is the earnings per share whereby the weighted average shares includes the effect of…

Q: On January 1, 2020, Booker Corp. issued $9 million of ten year bonds at 100.5 (Booker amortizes any…

A: The bonds issued are recorded as bonds payable and these represent the long-term liabilities. When a…

Q: A company issued $190,000 of 5%, ten-year convertible bonds on January 1, 2020 at 95. The bonds pay…

A: Un-amortised bond premium /discount = Total discount on bond issue - discount amortized till June…

Q: On March 1, 2021, E Corp. issued $1,000,000 of 10% nonconvertible bonds at 104, due on February 28,…

A: Increase in shareholders equity=Number of bonds issued×Stock warrants per bond×Market price of each…

Q: On December 1, 2021, Bramble Corp.issued 680 of its 8%, $1.000 bonds at 104. Attached to each bond…

A: Compound financial instruments are instruments with both debt and equity component. Therefore, the…

Q: On January 1, 2021, Fowl Products issued $89 million of 6%, 10-year convertible bonds at a net price…

A: Req. Account Titles Debit Credit 1. Cash $91,500,000     Convertible bonds payable   $89,000,000…