Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

maining Time: 23 minutes, 36 seconds. uestion Completion Status: Close Window A Moving to another question will save this response Question 3 of 15 Question

image text in transcribed
image text in transcribed
maining Time: 23 minutes, 36 seconds. uestion Completion Status: Close Window A Moving to another question will save this response Question 3 of 15 Question 3 1 points Save A The bonds were dated April 1, 2020 with interest payable quarterly on July 1, October 1, January 1 and April 1. If the bonds had NOT been convertible, they would hav sold for 96.1 The bond discount is amortized on a straight line basis. On April 1 2021, $ 1.200,000 of these bonds were converted into 500 no par common shares Accrued interest was paid in cash at the time of conversion What is the amount of the unamortized bond discount on April 1, 2021 relating to the bonds that were converted? 1.554246 2. $ 46 800 03.$ 43,200 4. 544.400 Moving to another question will save this response Question 3 of 15 3 White SD 1080 30 seconds Less than half of the time remo question Completion Status: Cose Window Moving to another question will save this response. Question 5 of 15 Questions 1 points On July 2, 2020, Martineau Ltd issued 6,000,000 (par value) 9%, ten-year convertible bonds at 8. The bonds were dated April 1, 2020 with interest payable quarterly on July 1 October 1, January 1 and April 1. If the bonds had NOT been convertible, they would have sold for 96.1. The bond discount is amortized on a straight line basis. On April 1, 2021, $1200,000 of these bonds were converted into 500 no par common shares Accrued interest was paid in cash at the time of conversion What is the debit to Interest Expense on Oct 1, 20207 1. $ 120,000 02. $ 135,000 3. $141.000 4.5 143.923 A Moving in another question will save this Questions or 15 Close Window HD 1080 S 1 E 96 5 8 3 9 9 6 2 2 3 VA maining Time: 23 minutes, 36 seconds. uestion Completion Status: Close Window A Moving to another question will save this response Question 3 of 15 Question 3 1 points Save A The bonds were dated April 1, 2020 with interest payable quarterly on July 1, October 1, January 1 and April 1. If the bonds had NOT been convertible, they would hav sold for 96.1 The bond discount is amortized on a straight line basis. On April 1 2021, $ 1.200,000 of these bonds were converted into 500 no par common shares Accrued interest was paid in cash at the time of conversion What is the amount of the unamortized bond discount on April 1, 2021 relating to the bonds that were converted? 1.554246 2. $ 46 800 03.$ 43,200 4. 544.400 Moving to another question will save this response Question 3 of 15 3 White SD 1080 30 seconds Less than half of the time remo question Completion Status: Cose Window Moving to another question will save this response. Question 5 of 15 Questions 1 points On July 2, 2020, Martineau Ltd issued 6,000,000 (par value) 9%, ten-year convertible bonds at 8. The bonds were dated April 1, 2020 with interest payable quarterly on July 1 October 1, January 1 and April 1. If the bonds had NOT been convertible, they would have sold for 96.1. The bond discount is amortized on a straight line basis. On April 1, 2021, $1200,000 of these bonds were converted into 500 no par common shares Accrued interest was paid in cash at the time of conversion What is the debit to Interest Expense on Oct 1, 20207 1. $ 120,000 02. $ 135,000 3. $141.000 4.5 143.923 A Moving in another question will save this Questions or 15 Close Window HD 1080 S 1 E 96 5 8 3 9 9 6 2 2 3 VA

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Curriculum Auditing

Authors: Fenwick W. English

1st Edition

0877625921, 978-0877625926

More Books

Students also viewed these Accounting questions