On December 31, 2019, A Company issued 5,000 of 8% 10-year P1,000 face value bonds with detachable warrants at 110. Each bond carried a detachable warrant for 10 ordinary shares of P100 par value at a specified option price of P120. Immediately after issuance, the market value of the bonds without warrants was P4,800,000 and the market value of the warrants was P1,200,000. What is the share premium from the subsequent exercise of all share warrants? Question 53 2 pts On January 1, 2021, a company issued P2,000,000, 16% bonds at 102. Each P1,000 bonds has one detachable warrant that allows the holder to purchase ten shares of P50 par value stock at P70 per share. The bonds would have been sold at 99 without the warrants. In 2022, 800 of the warrants were exercised. How much is the credit to share premium when the warrants were exercised? On January 1, 2021, a company issued 1,000 of its 8% 5-year P5,000 convertible bonds at P200,000 premium. Interests on these bonds are payable every December 31. The bonds are convertible into 40,000 of the company's ordinary shares with par value of P100. On December 31, 2023. 200 bonds were converted while at the end of 2024, 400 bonds were retired at P2,020,000. Without the conversion feature, the market rate of interest for the company's bonds on January 1, 2021 and December 31, 2024 are 10% and 11%, respectively. What is the carrying amount of the bonds on December 31, 2023? (Round off PV factor to 2 decimal places. Round off final answer to the nearest peso.) A company's accounts payable dated December 31, 2021, totaled P1,000,000 before any necessary year-end adjustments relating to the following transactions and information: e On December 27, 2021, the company wrote and issued checks to creditors totaling P350,000. The issuance of the checks was recorded on January 3, 2022. On December 28, 2021, the company purchased and received goods for P150,000, terms 2/10, n/30. The company records purchases and accounts payable at net amounts. The invoice was recorded and paid on January 3, 2022 Goods shipped FOB Destination on December 20, 2021, from a vendor to the company were received on January 2, 2022. The invoice cost was P65,000. The purchase was recorded on January 2, 2022. Goods costing P120.000 were purchased from supplier with terms FOB shipping point on December 28, 2021. The company received the goods and the invoice on January 4, 2022 The P1,000,000 ledger balance of accounts payable is net of P80.000 debit balance in one supplier's accounts representing deposit for goods to be delivered in February 2022. What amount should the company report as total accounts payable on December 31. 2021? Question 51 2 pts On January 5, 2022, a company received a P5,000,000-complaint from one of its employees who suffered an accident last December 31, 2021, while in the production department. The company's legal counsel believed it would probably lose the case and the best estimate of the loss was P2,000,000. The complainant offered an out of court settlement of P3,000,000 but the company did not accept. On February 1, 2022, the court ordered the company to pay P2,500,000. The company paid the employee on February 10, 2022. The company's P10,000,000 comprehensive insurance policy has P1,000,000 deductible clauses. The company's financial statements were issued on March 15, 2022. What amount of loss from lawsuit should the company recognize in its December 31. 2021 statement of comprehensive income