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Please only answer if you know that its 1 0 0 percent correct Nero Solutions Co . issued an $ 9 2 0 , 0
Please only answer if you know that its percent correct
Nero Solutions Co issued an $ threeyear bond for $ The bond pays interest annually, at each yearend. At maturity, the bond can be repaid in cash or converted to common shares at the investors option. The market interest rate for bonds of similar term and risk, but that are not convertible, is in the range of
Required:
Calculate the portion of the bond to be recorded as a liability. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.
Provide the entry to record issuance of the bond. If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Provide the entries to record interest expense and the annual cash payment each year over the bonds threeyear life. If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Provide the entry to record the maturity of the bond, assuming that shares were issued. If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Provide the entry to record the maturity of the bond, assuming that cash is paid. If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Provide the entry to record early repayment of the bond, assuming that it was repaid in cash in an open market transaction after two complete years. Cash of $ was paid, of which $ related to the liability and $ related to the conversion option. If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
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