The statement of financial position for Concord Company includes the following accounts (in British pounds): Accounts Receivable £14,400, Prepaid Insurance £3,500, Cash £15,500, Supplies £4,000, and Debt Investments (short-term) £6,700. Prepare the current
assets section of the statement of financial position, listing the accounts in proper sequence. (List Current Assets in reverse order of
liquidity)

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.