1) On July 1, 2021, an interest payment date, $120,000 of ABC Co. bonds were converted into 2,000 shares of ABC Co. common stock each having a par value of $40 and a market value of $45. There is $5,000 unamortized discount on the bonds. Using the book value method, the increase in additional paid in capital would be?
1) On July 1, 2021, an interest payment date, $120,000 of ABC Co. bonds were converted into 2,000 shares of ABC Co. common stock each having a par value of $40 and a market value of $45. There is $5,000 unamortized discount on the bonds. Using the book value method, the increase in additional paid in capital would be?
2) In 2020, ABC, Inc., issued for $103 per share, 100,000 shares of $100 par value convertible
3) ABC Corp. had 600,000 shares of common stock outstanding on January 1, issued 800,000 shares on July 1, and had income applicable to common stock of $2,500,000 for the year ending December 31, 2021. Earnings per share of common stock for 2021 would be?
4) ABC Co. had 800,000 shares of common stock outstanding on January 1, issued 120,000 shares on April 1, purchased 60,000 shares of
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