Barley, Inc sold $30,000 of 8% bonds for $40,200. Each $1,000 bond carried eight rights and each right allowed the holder to acquire one share of $10 par stock for $16 a share. After the issuance of the securities, the bonds were quoted at 104 and the rights were quoted at $4 each. Later, one-half of the rights were exercised. At date of exercise, how much should be credited to Additional Paid-in
Capital?
A) $1,320
B) $720
C) $600
D) $2,640
A
You might also like to view...
AIO surveys help measure ________
A) personality B) demographics C) lifestyles D) heavy users
The Alternative Energy Association would like a certain law enacted, administered, interpreted, and enforced in the best interest of its members, which include solar power companies. Under the Constitution, Congress
a. ?administers the laws.
b. ?enforces the laws.
c. ?interprets the laws.
d. ?enacts the laws.
When a property owner wants to use his or her land in a manner not permitted by zoning rules, he or she should request a special-use permit
a. True b. False Indicate whether the statement is true or false
Gain sharing rewards employees with part ownership of the organization based on achieving performance goals.
Answer the following statement true (T) or false (F)