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Question #4 LTE 7:00 Safari READ ONLY - This is an older...

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Accounting

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LTE 7:00 Safari READ ONLY - This is an older file format. To make changes, m...more Upgrade a copy Question #4 Convert bonds into Common Stock at 25 shares per bond. Par value of the stock is $2 per share and the FMV of the stock is $30 per share. There are 100 bonds with a par value of $1,000 each. The bond interest rate is 6%. There was an unamortized discount of $20,000. Question #5 The Larry, Moe, and Curly Partnership had capital balances of $55,000 for Larry; $60,000 for Moe; and $4,000 for Curly. There were assets of $100,000 in cash and $75,000 in AR. There were AP of $45,000 and $11,000 in Salaries Payable. The partnership was liquidated. The income and eynense rats ner me

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