Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 8. on may 1, 2012, marly co. issued $500,000 of 7%

8. On May 1, 2012, Marly Co. issued $500,000 of 7% bonds at 103, which...

90.2K

Verified Solution

Question

Accounting

8. On May 1, 2012, Marly Co. issued $500,000 of 7% bonds at 103, which are due on April 30, 2022. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Marlys ordinary shares $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2012, the fair value of Marlys shares was $35 per share and of the warrants was $2.

On May 1, 2012, Marly should record bonds payable at

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

3- Solve the following second order ODE.xy" -COSy' + sin x y = 0, x>0

Biology
1.2K views

Does gene flow increase or decrease genetic variation in populations

Physics
1.2K views

2 The figure shows a rectangular loop with area A 0 2 m and resistance...

Accounting
1.2K views

Many companies employ outside service companies that specialize in counting, pricing, extending, and footing inventories....

Accounting
1.2K views

\table[[Assets,2025,2024],[,],[Cash,$105,000,$60,000. Prepare a statement of cash flows using the indirect method.

Accounting
1.2K views

The Curl up & Dye Hair Salon has died. It must liquidate it's assets. It...

Accounting
1.2K views

please can you answer 1-4 . Drop down is the same for all questions ...

Accounting
1.2K views

Of all of the managerial accounting topics, which one(s) do you think you might use...

Accounting
1.2K views

Ron makes two typeof comforters. To make first type he charged $35 for the material...

Accounting
1.2K views

High Life Company's inventory records for its retail division show the following at July 31:...

Accounting
1.2K views

Requirement 1. Compute the cost allocation rate for each activity. First identify the formula, then...

Finance
1.2K views

In the last 2 days, the closing prices of the Ford Motor Company share listed...