Chang Corporation issued $6,000,000 of 9%, ten-year convertible bonds on July 1, 2012 at 96.1 plus accrued interest. The bonds were dated April 1, 2012 with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-line basis. On April 1, 2013, $1,200,000 of these bonds were converted into 500 shares of $20 par value common stock. Accrued interest was paid in cash at the time of conversion.
If "interest payable" were credited when the bonds were issued, what should be the amount of the debit to "interest expense" on October 1, 2012?
Parallel Enterprises has collectedthe following data on one of its products. During the period thecompany produced 25,000 units. The direct materials quantityvariance is:...Apr 22 2020
1. Convert each of the following binary numbers to decimal numbers:a. 10b. 100c. 111d. 1011e. 1100f. 10010g. 10101h. 11111i. 11001101j. 111000112. Convert each of the fol...Jul 14 2020
The chemical formulae of some acids are listed in the first column of the table below, and in the second column, it says whether each acid is strong or weak.Complete the ...May 19 2021
BUS 190Homework 6 Solutions1. Tom’s Inc. makes two salsa products: Western Foods salsa and Mexico City salsa. Essentially, the two products have different blends of wh...Jul 23 2020
Fearfully attached individuals are characterized as being: A. comfortable with closeness and low in anxiety over abandonment. B. comfortable with closeness and high in...Jan 24 2020
Find k such that the line is tangent to the graph of the function.Function LineJul 06 2021
The isomerization of cyclopentane , to propylene , is the first order in cyclopropane and first order overall. At , the rate constant is 9.2/s. What is the half-life of c...Jul 01 2021
What are some of the most common tax fraud schemes?Here is a tip:The compulsory payment made to the government on profit or gains is known as tax.Aug 20 2021
If a good costs $200 in the U.S. and the exact same good costs â¬140 in Europe, what is the implied purchasing power parity value of the U.S. dollar?A. $.70B. $1.43C. â...May 23 2021
Could someone show me how to answer question b :An electronics firm decides to launch two models of a tablet, TAB1 and TAB2. The cost of making each device of type TAB1 i...Apr 20 2021