how much should be the diluted EPS to be presented by VENUS Company for the year ended December 31, 2020? (use 2 decimal places)

Q: Each P1,000 bond can be converted into 40 ordinary shares. On September 30, 2018, the bonds were all…

A: Earning per share (EPS): EPS is the ratio that describes how much profit is earned by the company…

Q: Vaughn Inc. issued $3,790,000 of 10%, 10-year convertible bonds on June 1, 2025, at 99 plus accrued…

A: (a) Entry to record the interest expense at October 1, 2025:Accrual of interest expense:The interest…

Q: On September 30, 2023, Blossom Inc. issued $3,210,000 of 10-year, 8% convertible bonds for…

A: Let's break down the journal entry to record the issuance of the bonds on September 30, 2023:Cash…

Q: James Company has outstanding 3,000, $1,000 bonds. Each bond is convertible into 50 shares of $12…

A: A journal entry is used to record a business inside the organization's monetary records. The main…

Q: Bonita Industries, has 4230000 shares of common stock outstanding on December 31, 2020. An…

A: Since Bonita issued 19000, $1,000 face value, 8% convertible bonds each will be converted  into 20…

Q: On April 1, 2021, Austere Corporation issued $320,000 of 14% bonds at 108. Each $1000 bond was sold…

A: To calculate the amount of proceeds from the bond issue that should be recorded as an increase in…

Q: Sunland Inc. issued $3 million of 10-year, 9% convertible bonds on June 1, 2023, at 98 plus accrued…

A: Bonds are long-term debt securities issued by corporations to raise funds for capital. These are…

Q: On July 1, 2020, an interest payment date, $200,000 of Pride Co. bonds were converted into 12,000…

A: When the bonds were converted into equity shares then the balance in Unamortized premium on bonds…

Q: The Bradford Company Issued 8% bonds, dated January 1, with a face amount of $80 million on January…

A: Computation of the present value of bonds purchased as follows:Resultant values:Preparation of…

Q: Kingbird Inc. issued $4,230,000 of 9%, 10-year convertible bonds on June 1, 2025, at 98 plus accrued…

A: convertible bonds offer investors a consistent income stream by paying interest on a regular basis.…

Q: Novak Inc. issued $3,840,000 of 11%, 10-year convertible bonds on June 1, 2025, at 99 plus accrued…

A: The convertible bonds are the bonds that can be converted into common shares. The bonds are issued…

Q: Oriole Inc. issued $3,940,000 of 9%, 10-year convertible bonds on June 1, 2020, at 98 plus accrued…

A: Workings :Bond Par Value $        39,40,000.00Bond Issuance Price $        38,61,200.00Total…

Q: Computalog Inc. showed the following on its December 31, 2023, balance sheet: Bonds payable,…

A: Bonds are instrument issued by company acknowledging the debt raised by company . It is a liability…

Q: Assume all the bondholders voluntarily decided to convert their bonds to common shares on July 1,…

A: Convertible bonds are corporate bonds that holders can exchange for a predetermined number of the…

Q: On January 1, 2019, YOU TOO Corporation purchased P1,000,000 10% bonds classified as FA@AC. The…

A: The reclassification date, as defined by IFRS 9 (International Financial Reporting Standards 9), is…

Q: On January 1, 2025, Coronado Company issued 10-year, $1,840,000 face value, 6% bonds, at par. Each…

A: The earnings per share which is computed on the basis of convertible securities is classified as…

Q: Windsor Inc. issued $3,840,000 of 11%, 10-year convertible bonds on June 1, 2020, at 99 plus accrued…

A: The following information given in the question: 1.  Issued $3,840,000 of 11%, 10-year convertible…

Q: On January 2, 2025, Sheridan Co. issued at par $290000 of 6% convertible bonds. Each $1000 bond is…

A: A company's diluted earnings per share (EPS) can be used to assess how effectively the company's…

Q: On May 1, 2021, Duck Corporation issued $2,000,000 of 8% nonconvertible bonds at 104, which are due…

A: Isssue Price of Bonds ($2000000 * 104%) $20,80,000     Fair market value of bonds ($2000000 *…

Q: On January 1, 2022, Shamrock SA issued 10-year, €1,870,000 face value, 6% bonds, at par. Each €1,000…

A: Earnings Per Share- Earnings per common share of the company refer to the portion of the company's…

Q: On September 30, 2023, Cullumber Inc. issued $3,120,000 of 10-year, 8% convertible bonds for…

A: The exercise of warrants represents a financial event that involves the conversion of detachable…

Q: bonds were issued, the prevailing market interest rate for similar debt without the conversion…

A: Financial statements refer to the final documents prepared at the end of the year by the business…

Q: s convertible into 35 common shares, which are currently trading at $34 per share.  Similar bonds…

A: Bonds - Bonds are fixed-income securities that reflect loans from investors to borrowers (typically…

Q: Using 1. a financial calculator, or 2. Excel function PV, calculate the issue price of the bonds and…

A: The bonds are issued either by government entities or corporations to raise money. A bond is a debt…

Q: Gerard Corporation has the following convertible bonds. A $100,000 convertible bond was issued at…

A: Earnings per share, or EPS, is a major financial metric that shows a company's profitability.  It is…

Q: On January 1, 2024, Madison Products issued $45 million of 8%, 10-year convertible bonds at a net…

A: IFRS -The purpose of International Financial Reporting rules (IFRS) is to improve the integrity and…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.