On December 31, 2019, Claudine Company issued 5,000 of 8% 10-year P1,000 face value bonds with detachable warrants at 110. Each bond carried a detachable warrant for 10 ordinary shares of P100 par value at a specified option price of P120. Immediately after issuance, the market value of the bonds without warrants was P4,800,000 and the market value of the warrants was P1,200,000. On December 31, 2019, what is the carrying amount of bonds payable? What is the share premium from the subsequent exercise o

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A: GIVEN   On January 1, 2021, Instaform, Inc., issued 12% bonds with a face amount of $60 million,…

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Q: mine the price of the bonds at January 1, 2021. re the journal entry to record their issuance by…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

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A: 1. Determine the price of the bonds at January 1, 2021.

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A:

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A: Given information Future value= 80,000,000 Number of years= 10 × 2= 20 Rate of interest= 12% ÷ 2=…

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