July 31, 2019, when Warner Co's shares were selling at $16 per share, its capital accounts were as follows: Common Shares, no par, 40,000 shares issued and outstanding....... Retained Earnings... $750,000 ..$1,300,000 If a 5 percent "stock dividend" was declard & distributed, the balance of the Common Shares account would be: O a $750,000.00 O b. $782,000.00 Oc. $1,300,000.00 Od. $1,532,000.00 Macintosh Co. is authorized to issue 800,000 "no par value" common shares. To subscribe to common shares, investors may purchase shares at $6 per share by down paying 30% up front, with the 70% remaining after 6 months. To record the issuance of shares upon receipt of the final payment, the entry would include the following: O a. debit to Subscriptions Receivable for $4,800,000 O b. credit to Common Shares for $3,360,000. Oc debit to Common Shares Subscribed for $4,800,000. O d. credit to Common Shares for $1,440,000. On Jan 1, 2019, Pegasus Co. issued 15-year convertible bonds at 104. During 2020, the entirety of the bonds were converted into common shares with a total value equating to the entire face amount of the bonds. At the point of conversion, the market price of Pegasus Co's common shares was 55% above its avg. carrying amount. Pegasus Co follows IFRS. At the point of issuance of the bonds, cash proceeds related to the issuance should be reported as: contributed surplus for the portion of the proceeds attributable to the conversion feature and as a liability for the balance. O b. a liability for the present value of the bonds and contributed surplus for the balance. a liability for the entire proceeds. O d. contributed surplus for the entire proceeds. On Jan 1, 2019, Pegasus Co. issued 15-year convertible bonds at 104. During 2020, the entirety of the bonds were converted into common shares with a total value equating to the entire face amount of the bonds. At the point of conversion, the market price of Pegasus Co's common shares was 55% above its avg. carrying amount. Pegasus Co follows IFRS. At the point of conversion of the bonds, Pegasus Co. would credit their Common Shares account using: O a. the par value of the bonds plus the balance in the Contributed Surplus account Ob. the market value of the bonds plus the balance in the Contributed Surplus account. Oc. the carrying value of the bonds minus the balance in the Contributed Surplus account. Od. the carrying value of the bonds plus the balance in the Contributed Surplus account