{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T19:00:36-04:00", "answer_date": "2024-05-27 19:00:36", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1795295", "url": "\/study-help\/questions\/on-march-1-2020-cullumber-corporation-issued-300000-of-6-1795295", "question_creation_date_js": "2024-05-27T19:00:36-04:00", "question_creation_date": "May 27, 2024 07:00 PM", "meta_title": "[Solved] On March 1, 2020. Cullumber Corporation i | SolutionInn", "meta_description": "Answer of - On March 1, 2020. Cullumber Corporation issued $300,000 of 6% non-convertible bonds at 105, which are due on February | SolutionInn", "meta_keywords": "march,1,2020,cullumber,corporation,issued,$300,000,6%,-convertible,bonds,105,due", "question_title_h1": " On March 1, 2020. Cullumber Corporation issued $300,000 of 6% non-convertible bonds at 105, which are due on February 28, 2040. In addition, each", "question_title": " On March 1, 2020. Cullumber Corporation issued $300,000 of 6% non-convertible", "question_title_for_js_snippet": "On March 1, 2020 Cullumber Corporation issued $300,000 of 6 non convertible bonds at 105, which are due on February 28, 2040 In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Cullumber's no par value common shares for $50 The bonds without the warrants would normally sell at 94 Cullumber prepares its financial statements in accordance with IFRS (Credit account titles are automatically indented when the amount is entered Do not indent manually ) Account Titles and Explanation Debit Credit Riverbed Corp issued $10,000,000 of par value 7 convertible bonds at 98 If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 92 Riverbed Corp, has adopted ASPE, and would like to explore all options available to report the convertible bond (Credit account titles are automatically indented when the amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter O for the amounts ) Account Titles and Explanation Option 1 Residual Method Option 2 Value Equity component at zero Debit Credit", "question_description": "\"image\"image\"image\"image", "transcribed_text": "On March 1, 2020. Cullumber Corporation issued $300,000 of 6% non-convertible bonds at 105, which are due on February 28, 2040. In addition, each $1,000 bond was issued with 25 detachable stock warrants, each of which entitled the bondholder to purchase one of Cullumber's no par value common shares for $50. The bonds without the warrants would normally sell at 94. Cullumber prepares its financial statements in accordance with IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Riverbed Corp. issued $10,000,000 of par value. 7% convertible bonds at 98. If the bonds had not been convertible, the company's investment banker estimates they would have been sold at 92. Riverbed Corp, has adopted ASPE, and would like to explore all options available to report the convertible bond. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter O for the amounts.) Account Titles and Explanation Option 1: Residual Method Option 2: Value Equity component at zero Debit Credit", "related_book": { "title": "Financial Accounting Information For Decisions", "isbn": "9780324313413, 324672705, 324313411, 978-0324672701", "edition": "6th Edition", "authors": "Robert w Ingram, Thomas L Albright", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/157.jpg", "uri": "\/textbooks\/financial-accounting-information-for-decisions-6th-edition-157", "see_more_uri": "" }, "free_related_book": { "isbn": "3668746346", "uri": "\/textbooks\/marketing-communications-ways-and-possibilities-of-integrated-marketing-1st-edition-978-3668746343-167327", "name": "Marketing Communications Ways And Possibilities Of Integrated Marketing", "edition": "1st Edition" }, "question_posted": "2024-05-27 19:00:36", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/question-5-voguish-couches-voguish-couches-is-a-small-company-79896", "description": "Voguish Couches is a small company which makes sofas. The company is owned by the couple Lennox and Stewart. You are an intern working at Voguish Couches. For the sake of simplicity, this assignment...", "stars": 3 }, { "url": "\/how-could-permanently-lower-marginal-tax-rates-increase-the-capital", "description": "How could permanently lower marginal tax rates increase the capital stock, the level of education, the level of technology, and the amount of developed natural resources over time?", "stars": 3 }, { "url": "\/study-help\/understanding-management\/12-what-are-the-major-issues-concerning-labor-today-as-1927036", "description": "12. What are the major issues concerning labor today as opposed to past decades?", "stars": 3 }, { "url": "\/study-help\/psychology\/1-focus-on-one-learning-strategy-at-a-time-ask-1984723", "description": "1. Focus on one learning strategy at a time. Ask families to simply remind their children to use a particular strategy with homework that week.", "stars": 3 }, { "url": "\/use-the-information-from-be171-but-assume-the-bonds-are", "description": "Use the information from BE17-1, but assume the bonds are purchased as an available-for-sale security. Prepare Garfields journal entries for (a) The purchase of the investment, (b) The receipt of...", "stars": 3 }, { "url": "\/study-help\/questions\/the-following-events-apply-to-complete-business-service-in-year-9921268", "description": "The following events apply to Complete Business Service in Year 1, its first year of operations: 1. Recelved $43,000 cash from the issue of common stock. 2. Earned $38,000 of service revenue on...", "stars": 3 }, { "url": "\/study-help\/questions\/compare-the-alternatives-c-and-d-on-the-basis-of-1189239", "description": "Compare the alternatives C and D on the basis of a present worth analysis using an interest rate of 15.00% per year and a study period of 10 years. (Include a minus sign if necessary.) Alternative C...", "stars": 3 }, { "url": "\/study-help\/questions\/q4-10-marks-discuss-the-similarities-and-differences-between-the-4649238", "description": "Q4. (10 marks) Discuss the similarities and differences between the Keynesian and AD\/AS models Q4. (10 marks) Discuss the similarities and differences between the Keynesian and AD\/AS models.", "stars": 3 }, { "url": "\/study-help\/questions\/this-is-a-critical-thinking-partnership-project-perform-some-internet-1000959", "description": "This is a \"critical thinking\" Partnership project. Perform some Internet research and read about the Diffusion of Innovation (Rogers, 1962) and the 5 types of Human Adopter Groups that must be...", "stars": 3 }, { "url": "\/study-help\/questions\/based-on-the-wcdm-screen-how-can-we-compare-italy-1243350", "description": "Based on the WCDM screen, how can we compare Italy and Japan in terms of overall default risk on their debt? Japan has over 3x the total debt of Italy, and a worse credit rating, so its credit...", "stars": 3 }, { "url": "\/study-help\/questions\/briefly-explain-feeding-america-an-organization-operational-model-based-on-1002048", "description": "Briefly explain Feeding America (an organization) Operational Model Based on the various operational models (e.g., entrepreneurial support model, market intermediary model, market linkage model,...", "stars": 3 }, { "url": "\/study-help\/questions\/since-the-proposed-medication-is-injectable-are-you-planning-on-1002265", "description": "Since the proposed medication is injectable are you planning on premediating your patients to avoid any potential injection related reactions?", "stars": 3 }, { "url": "\/study-help\/questions\/2-as-we-move-forward-with-the-workshop-we-1002368", "description": "2 . As we move forward with the workshop, we will discuss how important it is to communicate to your audience ( as Florence Nightingale did ) . What does the above graph \/ chart communicate? What are...", "stars": 3 }, { "url": "\/study-help\/questions\/the-ftp-services-uses-two-common-8357448", "description": "the ftp services uses two common - - - - ports", "stars": 3 }, { "url": "\/when-you-weigh-yourself-on-good-old-terra-firma-solid", "description": "When you weigh yourself on good old terra firma (solid ground), your weight is 142 lb. In an elevator your apparent weight is 121 lb. What are the direction and magnitude of the elevator's...", "stars": 3 }, { "url": "\/study-help\/management-in-the-hospitality-industry\/theme-parks-and-attractions-vary-according-to-theme-which-might-1666621", "description": "Theme parks and attractions vary according to theme, which might be historical, cultural, or geographical. Some parks and attractions focus on a single theme, other parks and attractions focus on...", "stars": 3 }, { "url": "\/study-help\/management-in-the-hospitality-industry\/key-players-in-the-theme-park-industry-include-disney-universal-1666620", "description": "Key players in the theme park industry include Disney, Universal Studios, Anheuser-Busch Companies, Six Flags, and Hershey. LO.1", "stars": 3 }, { "url": "\/study-help\/management-in-the-hospitality-industry\/after-a-gradual-expansion-more-than-80-years-after-its-1666622", "description": "After a gradual expansion, more than 80 years after its humble beginnings, Knotts Berry Farm has become the largest independent theme park in the United States. LO.1", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/a-company-that-makes-shopping-carts-for-supermarkets-and-other-1795294", "next": "\/study-help\/questions\/which-of-the-following-statements-is-not-true-multiple-choice-1795296" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " On March 1, 2020. Cullumber Corporation issued $300,000 of 6% non-convertible", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/on-march-1-2020-cullumber-corporation-issued-300000-of-6-1795295" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } "1" } }