(((((Question #1))))) On, 2012-02-01, ABC Corp. had outstanding 4%, 6000 face amount, convertible bonds maturing on 2019-02-01. Interest is payable on Feb and Aug. On 2012-02-01, all these bonds were converted into 61 shares per 1000 face amount of bond. The stock price on 2012-02-01 was 16. On the date of conversion: Unamortized bond discount was 66. The amount of gain/(loss) that should be recognized from the conversion using the market value method is:

((((Question #2))))) On 2012-02-01, ABC Co. had outstanding 5%, 10000 face value bonds maturing on 2021-03-01. Interest was payable semiannually every Feb 1 and Aug 1. On 2012-02-01, after amortization was recorded for the period, the unamortized bond discount and bond issuance costs were 290 and 110, respectively. On that date, ABC acquired all its outstanding bonds on the open market at 99 percent of par (face) and retired them. On 2012-02-01 ABC should recognize the following as gain/(loss) before income taxes on redemption of bonds:

((((Question #3 ))))) On 2012-05-01, ABC issued 8% bonds, with a face amount of 10000. The bonds mature on 2018-05-01. The effective interest rate for similar bonds is 4%. Interest is paid semiannually on May and Nov 1. The price of the bond was:

((((Question #4)))) On 2012-01-01, ABC issued 4.6% bonds, with a face amount of 10000. Bonds mature on 2019-01-01. Effective yield for the bonds is 7%. Interest is paid semiannually on Jan and Jul 1. Use the straight line method to amortize any discount or premium for the bond. Calculate the carrying values of the bond on the following dates: 01/01/2012, 01/07/2012, 01/01/2013, 01/07/2013, 01/01/2014

((((((Question #5))))) ABC issued bonds with a face amount of 17000. Each 1000 bond contained detachable stock warrants for 100 shares of ABC's common stock. Total proceeds from the issue amounted to 19720. The market value of each warrant was 3, and the market value of each bonds without the warrants was 920.