Exhibit 14-14 Marley, Inc sold $500,000 of its ten-year 8% bonds at 96 on January 1, 2014. Interest is paid each January 1 and July 1 and straight-line amortization is used. Each $1,000 bond is convertible into 100 shares of $10 par common stock. One-half of the bonds were converted on January 1, 2019, when the market value of the stock was $14 per share. ? Refer to Exhibit 14-14. The entry to
record the conversion using the market value method would include a
A) debit to Additional Paid-in Capital from Bond Conversion for $105,000.
B) debit to Retained Earnings for $105,000.
C) debit to Loss from Conversion for $105,000.
D) credit to Gain from Conversion for $105,000.
C
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________ jurisdiction is the power of a court or tribunal to determine the rights of a party who appears before it
A. Contentious B. In personam C. Advisory D. In rem
Devoinser is a home products company that sells plastic household supplies. In their print and television advertisements, they emphasize this line: "We use only recycled plastic to make our products. Recycle, reuse, and reinvent!" Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Idea marketing
During the year Comer, Inc., had $200,000 in goods available for sale. At the end of the accounting period it had an ending inventory of $40,000. The cost of goods sold by Comer was therefore
A. $200,000. B. $160,000. C. $40,000. D. $20,000. E. $10,000.
Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits smoking for a month. If Robbie does, is there a binding contract?
A) No, because Robbie gave no benefit to Aunt Ellie B) No, because Robbie did not suffer any detriment C) Yes, because stopping smoking will benefit Robbie's health D) Yes, because Robbie gave up a legal right