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 record the conversion of bonds would be:
a. Bonds Payable 50,000
Loss on Retirement of Bonds 1,000
Unamortized Bond Discount 1,000
Common Stock 50,000
b. Bonds Payable 50,000
Common Stock 25,000
Additional Paid-In Capital 25,000
c. Bonds Payable 50,000
Common Stock 25,000
Additional Paid-In Capital 24,000
Unamortized Bond Discount 1,000
d. Bonds Payable 49,000
Unamortized Bond Discount 1,000
Common Stock 25,000
Additional Paid-In Capital 25,000
C
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Some businesses offering exceptional convenience may be:
A) almost any mobile shop or vendor. B) taco trucks. C) products packaged together with all ingredients. D) All of the above.
A sampling frame is a representation of the elements of the target population, which consists of a list, or set of directions for identifying the target population
Indicate whether the statement is true or false
Inventory records for Marvin Company revealed the following:DateTransactionNumber of UnitsUnit CostMar.1Beginning Inventory1,000$7.20 Mar.10Purchase600 7.25 Mar.16Purchase800 7.30 Mar.23Purchase600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A. $16,800. B. $16,660. C. $16,540. D. $16,760.
Personal digital assistant (PDA) is a small handheld computer that performs simple tasks such as taking notes, scheduling appointments, and maintaining an address book and a calendar. The PDA screen is touch-sensitive, allowing a user to write directly on the screen, capturing what is written.
Answer the following statement true (T) or false (F)