1) Presented below are three independent situations. igel Corporation retired Tk. 130,000 face value, 12% bonds on June 30, 2010, at 102.The ying value of the bonds at the redemption date was Tk. 117,500.The bonds pay annual rest, and the interest payment due on June 30, 2010, has been made and recorded. biaz Inc. retired Tk. 150,000 face value, 12.5% bonds on June 30, 2010, at 98.The carrying ie of the bonds at the redemption date was Tk. 151,000.The bonds pay annual interest, and interest payment due on June 30, 2010, has been made and recorded. laas Company has Tk. 80,000, 8%, 12-year convertible bonds outstanding. These bonds were | at face value and pay semiannual interest on June 30 and December 31 of cach year. The ds are convertible into 30 shares of Haas Tk. 5 par value common stock for each Tk. 1,000 th of bonds. On December 31, 2010, after the bond interest has been paid, Tk. 20,000 face ie bonds were converted. The market value of Haas common stock was Tk. 44 per share on ember 31, 2010.

1) Presented below are three independent situations. igel Corporation retired Tk. 130,000 face value, 12% bonds on June 30, 2010, at 102.The ying value of the bonds at the redemption date was Tk. 117,500.The bonds pay annual rest, and the interest payment due on June 30, 2010, has been made and recorded. biaz Inc. retired Tk. 150,000 face value, 12.5% bonds on June 30, 2010, at 98.The carrying ie of the bonds at the redemption date was Tk. 151,000.The bonds pay annual interest, and interest payment due on June 30, 2010, has been made and recorded. laas Company has Tk. 80,000, 8%, 12-year convertible bonds outstanding. These bonds were | at face value and pay semiannual interest on June 30 and December 31 of cach year. The ds are convertible into 30 shares of Haas Tk. 5 par value common stock for each Tk. 1,000 th of bonds. On December 31, 2010, after the bond interest has been paid, Tk. 20,000 face ie bonds were converted. The market value of Haas common stock was Tk. 44 per share on ember 31, 2010.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

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