Answers: 1
Business, 23.06.2019 17:30
On january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. on january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. 3. on july 1, 2023, when gless’s common stock had a market price of $33 per share, century converted the bonds it held. prepare the journal entries by both gless and century for the conversion of the bonds (book value method).
Answers: 2
Business, 23.06.2019 21:00
Sarah, a self-employed blogger, has adjusted gross earnings of $45,162 this year. find the amount of social security and medicare taxes paid by sarah.
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Business, 23.06.2019 23:00
The expression "there's no such thing as a free lunch" means if one person gains, someone else must lose. each person must pay for exactly what he or she receives. the use of resources to produce a good has an opportunity cost because of scarcity. you cannot have a free lunch at the expense of someone else.
Answers: 3
Business, 24.06.2019 01:00
Which factor or factors listed below are internal influences on a loan’s interest rate? i. current and prospective inflation ii. collateral offered by the borrower iii. the strength of the economy a. i only b. i and iii c. ii only d. ii and iii
Answers: 2
Suppose that Eli receives an offer from the club for a weekly membership fee of $50 that allows him...
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