Onari no kaisou wa Aoku mieru sa
Riku ni yuku no wa
Ooki na machigai
Mawari wo mite goran
Kono umi no soko
Nante suteki na sekai da
Kore ijou nani wo nozomu
Subarashii
Under the Sea
Darling watashi
No iu koto, shinjite
Acchi ja hataraku
Dake asa kara ban made
Kocchi ja zutto asonde lucky
Under the sea
Under the sea
Subarashii
(Under Daichi)

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.