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a. SO. b. $30,000. c. $90,000 d. $120,000 13. On June 30, 2021, Blair Industries had tstanding $82 million of 8% convertible bonds that mature
a. SO. b. $30,000. c. $90,000 d. $120,000 13. On June 30, 2021, Blair Industries had tstanding $82 million of 8% convertible bonds that mature on June 30, 2022. Interest is payable semi-annually on June 30 and December 31. The bonds were convertible into 6 million shares of no-par common stock. At June 30, 2021, the unamortized balance in the discount on bonds payable account was $4 million. On June 30, 2021, half the bonds were converted when Blair's common stock had a market price of $36 per share. After recording the conversion: a. stockholder's equity increased by $39 million. b. liabilities decreased by S41 million. c. stockholder's equity increased by $108 million. d. assets increased by $40 million. Short answer / problems Warranty: a. List the two warranty types. (2 points) assurance type serxice type
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