Question
pronghorn issued 3,600,000 of convertible 5-year bonds on July 1. the bonds provide for 6% interest payable semiannually on Jan 1 and July 1. The
pronghorn issued 3,600,000 of convertible 5-year bonds on July 1. the bonds provide for 6% interest payable semiannually on Jan 1 and July 1. The discount in connection with the issues was 96,000 which is being amoritxzed monthly on straight line the bonds are convertible aftert 1 year into 15 shres of Pringhorns Inc $1 par value common stock for each 1000 of bonds On Oct 1 2026 432,000 of bond were turned into conversion into commopn stock. Interest has been accruded month;y and pai as due. At the time of conversion
October 1 2026
October 31,2026
December 31,2026
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Accounting Principles A Business Perspective
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
1st Edition
1680921851, 978-1680921854
