Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer all parts! 11a. uvw corp sells a b

Please answer all parts! 11a. UVW Corp sells a bond with face value...

50.1K

Verified Solution

Question

Accounting

image

Please answer all parts!

11a. UVW Corp sells a bond with face value $100,000, with a detachable warrant that gives the right of the bondholder to buy up to 1,000 shares of $1 par value common stock for $15 per share within the next 5 ycars. The bond's price is 98.2, and the value of the detachable warrant is $3,000. UVW sells the combined bond+warrant for a total of $100.000 cash. Show the journal entry, assuming UVW uses the proportional method. 116. A couple years later, when UVW's stock price is $19. the warrants are exercised. Show the journal entry.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Write 3 paragraphs for reflection and should be do the following: 1. In first paragraph, Summarize the...

Biology
Q

Identify the anatomic structures of a flower 3 E B

Biology
Q

What causes Starr to break down during a basketball game in gym class O She...

Biology
Q

1 point Let P 0 0 0 Q 1 1 1 R 2 1 1...

Basic Math
Q

Question 12 Subtract the following 10 11 10 11 10 11 10 11 Next Question

Basic Math
Q

Russ Company began production of a new solar energy component (Product E) made from eco-friendly...

Accounting
Q

J & J Enterprises purchased a new piece of equipment for its factory under a...

Accounting
Q

Skate n Surf began operations on 1 June, buying and selling surfboards, skateboards, wetsuits and...

Accounting
Q

Deluxe Apartments Inc. does the following: The company makes a concise listing of long-terinn...

Accounting
Q

Su Question 4 points Taner Enterprises bought a pince of equipment for $64,000 that will...

Accounting
Q

D Question 13 0.5 pts VU has a value of $625 million if it continues...

Finance
Q

I will give a thumbs up! ...

Accounting