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Can you please help me to solve these problems? So that I can compare your solution on mine too. Thank you! 1. At the beginning

Can you please help me to solve these problems? So that I can compare your solution on mine too. Thank you!

1. At the beginning of current year, Jackfrost Company issued 5,000 convertible bonds payable. The bonds have a three-year term and are issued at 110 with a face amount of P1,000 per bond. Interest is payable annually in arrears at a nominal 6% interest rate. Each bond is convertible at anytime up to maturity into 100 ordinary shares with par value of P5. When the bonds are issued, the prevailing market interest rate for similar debt instrument without conversion option is 9%. The present value of 1 at 9% for 3 periods is .77 and the present value of an ordinary annuity of 1 at 9% for 3 periods is 2.53. What amount should be reported as equity component of the original issuance of the convertible bonds payable?

2. Case Cereal Company distributed coupons to promote new products. On October 1, 2019, the entity nailed 100,000 coupons for P45 off each box of cereal purchased. The entity expected 12,000 of these coupons to be redeemed before the December 31, 2019 expiration date. It takes 30 days from the redemption date for the entity to receive the coupons from the retailers. The entity reimbursed the retailers an additional P5 for each coupon redeemed. On December 31, 2019, the entity had paid retailers P250,000 related to these coupons and had 5,000 coupons on hand that had not been processed for payment. What amount should be reported as liability for coupons on December 31, 2019?

3. Webster Company commenced operations in the current year. A number of expenditures were made during the current year that were debited to one account intangible assets. (refer to data below) What total amount should be reported as intangible assets?

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State incorporation fees and legal costs related to organizing the corporation 100,000 Fire insurance premium for three-year period 60,000 Purchase of a copyright 200,000 Legal fees for filing a patent on a new product resulting from an R&D project 50,000 Legal fees for successful defense of the patent developed from the project 10,000 Entered into a 10-year franchise agreement with a franchisor 500,000 Advertising cost 150,000 Purchase of all of the outstanding ordinary shares of an acquiree. On the date of purchase, the acquiree had total assets of P6,000,000 at fair value and total liabilities of P2,200,000 at fair value. 5,000,000

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