A bond issue of $50,000 with a carrying value of $49,000 is converted into $10 par value common stock at the rate of fifty shares for each $1,000 bond. The entry to be recorded on the conversion of bonds is:
A) Bonds Payable 50,000 Loss on Retirement of Bonds 1,000Unamortized Bond Discount 1,000Common Stock 51,000
B) Bonds Payable 50,000 Common Stock 25,000Additional Paid-In Capital 25,000
C) Bonds Payable 50,000 Common Stock 25,000Additional Paid-In Capital 24,000Unamortized Bond Discount 1,000
D) Bonds Payable 49,000 Unamortized Bond Discount 1,000Common Stock 25,000Additional Paid-In Capital 25,000
C
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Two methods of allocating joint costs to individual products are ________________________________________ and ________________________________________
Fill in the blank(s) with correct word
Which of the following sequences works best for most persuasive messages?
A) Motivate action, gain attention, build interest, request order B) Gain attention, build interest, elicit desire and reduce resistance, motivate action C) Build interest, gain attention, motivate action, elicit desire and reduce resistance D) Gain attention, build interest, motivate action, request order
Fulton Foods employs workers from a labor market composed of 31 percent black workers, 11 percent Hispanic workers, and 2 percent Asian workers. The racial composition of the workers at Fulton Foods is 56 percent white, 30 percent black, 12 percent Hispanic, and 2 percent Asian. Based on these figures, the protected class at Fulton Foods is
A. undercompensated. B. overcompensated. C. underutilized. D. at parity.
Based on the information below for Benson Corporation, what is the optimal capital structure?
A. Debt = 50%; Equity = 50%; EPS = $3.05; Stock price = $28.90. B. Debt = 60%; Equity = 40%; EPS = $3.18; Stock price = $31.20. C. Debt = 80%; Equity = 20%; EPS = $3.42; Stock price = $30.40. D. Debt = 70%; Equity = 30%; EPS = $3.31; Stock price = $30.00. E. Debt = 40%; Equity = 60%; EPS = $2.95; Stock price = $26.50.