Questions
On 1 January 2018, Bae Limited issued a convertible bond with a par value of $100,000...

On 1 January 2018, Bae Limited issued a convertible bond with a par value of $100,000 for $120,000.

  1. The bonds are convertible into 12,000 ordinary shares of Jan.

  2. The bond has a 5-year life with a stated interest of 10% per annum. Interest

    payment is made each year on 31 December, starting from 31 December 2018.

  3. The market interest rate on 1 January 2018 for a similar non-convertible bond is

    8% per annum.

  4. On 1 January 2018, the liability component of the bond is computed to be $107,986.

  5. On 31 December 2019, after the interest has been recorded, Jan Limited

    repurchases the bond for $111,000 cash. At that time the fair value of the liability component is $108,000.

Date

  Cash paid. Interest expense.   Premium amortised   Carrying amount of liability

1 January 2018. $107,986
31 December 2018 $10,000 $8,639 $1,361 $106,625

31 December 2019.   $10,000.   $8,530   $1,470   $105,155

1.Prepare the journal entry to record the issuance of the convertible bond on 1 January 2018.

2. Calculate the loss on repurchase for the liability component of the bond on 31 December 2019.

3. Calculate the adjustment on the equity component of the bond on 31 December 2019.

4. Prepare the journal entries to record the repurchase of bonds on 31 December 2019.

In: Accounting

Cash 36,000 2,000 Accounts receivable 21,000 39,000 Inventory 5,700 49,000 Supplies 2,500 3,000 65,200 93,000 Land...

Cash

36,000

2,000

Accounts receivable

21,000

39,000

Inventory

5,700

49,000

Supplies

2,500

3,000

65,200

93,000

Land

1,100,000

800,000

Building

1,150,000

900,000

Accumulated depreciation – building

(276,000)

(180,000)

Vehicles

15,000

28,000

Accumulated depreciation – vehicles

(3,600)

(5,600)

1,985,400

1,542,400

$2,050,600

$1,635,400

Accounts payable

38,000

49,000

Dividends payable

25,000

1,300

Current bank loan

55,000

55,000

118,000

105,300

Non-current bank loan

1,700,600

1,320,100

1,818,600

1,425,400

Common shares

120,000

100,000

Retained earnings

112,000

110,000

232,000

210,000

$2,050,600

$1,635,400

During 2018 the following occurred:

  • Land costing $300,000 was purchased in 2018 for $220,000 cash and by issuing common shares of $80,000
  • A building that had an original cost of $348,000 and accumulated depreciation of $128,000 was sold for a loss of $53,000
  • A vehicle was sold during the year, the vehicle had a cost of $21,000, accumulated depreciation of $3,000 and was sold for $6,800 in cash
  • The vehicle that was purchased in 2018 was purchased by obtaining a bank loan
  • $137,0000 was paid towards the bank loan in 2018
  • The company declared dividends of $32,000 in 2018
  • Common shares were bought back by the company during 2018
  1. Prepare the statement of cash flows for 2018 using the indirect method.

In: Accounting

Find a recent (last 30 days) article that deals with one of this week’s economic concepts....

Find a recent (last 30 days) article that deals with one of this week’s economic concepts. Provide an analysis of the concept and how it was demonstrated within the article. (1 page summary.)

Include Article link, no less than 250 words in length, make at least one reference to your text or other course materials and provide in-text citations. As you reference information from a source, be sure to provide APA citations in text and at the end of your post.

In: Economics

Decide whether each pair of elements in the table below will form an ionic compound. If...

Decide whether each pair of elements in the table below will form an ionic compound. If they will, write the empirical formula and name of the compound formed in the spaces provided.

element #1 element #2 Forms ionic compound? empirical formula of ionic compound name of ionic compound
sodium iodine yes no
barium oxygen yes no
chlorine oxygen yes no
oxygen rubidium yes no

In: Chemistry

A 8.024 gram sample of an organic compound containing C, H and O is analyzed by...


A 8.024 gram sample of an organic compound containing C, H and O is analyzed by combustion analysis and 20.75 grams of CO2 and 4.248 grams of H2O are produced.

In a separate experiment, the molar mass is found to be 136.2 g/mol. Determine the empirical formula and the molecular formula of the organic compound.

Enter the elements in the order C, H, O

empirical formula =
molecular formula =

In: Chemistry

The compound known as butylated hydroxytoluene, abbreviated as BHT, contains carbon, hydrogen, and oxygen. A 1.376...

The compound known as butylated hydroxytoluene, abbreviated as BHT, contains carbon, hydrogen, and oxygen. A 1.376 g sample of BHT was combusted in an oxygen rich environment to produce 4.122 g of CO2(g) and 1.350 g of H2O(g). Insert subscripts below to appropriately display the empirical formula of BHT.

Insert subscripts below to appropriately display the empirical formula of BHT

CHO

In: Chemistry

A 2.335 gram sample of an organic compound containing C, H and O is analyzed by...

A 2.335 gram sample of an organic compound containing C, H and O is analyzed by combustion analysis and 5.030 grams of CO2 and 2.060 grams of H2O are produced. In a separate experiment, the molar mass is found to be 102.1 g/mol. Determine the empirical formula and the molecular formula of the organic compound.

Enter the elements in the order C, H, O

empirical formula =

molecular formula =

In: Chemistry

The experimental empirical formula of a magnesium oxide compound was determined. To do this a magnesium...

  1. The experimental empirical formula of a magnesium oxide compound was determined. To do this a magnesium ribbon weighing 0.252 g was heated in a crucible. From the data listed, determine the empirical formula for the magnesium oxide product. Please show all work! I'm trying to really understand

          Mass of empty crucible and cover: 20.74 g

          Mass of crucible, cover, and final product: 21.17 g

In: Chemistry

6) Evidence on IPO underpricing is provided in several empirical studies, including a seminal paper by...

6) Evidence on IPO underpricing is provided in several empirical studies, including a seminal paper by Loughran and Ritter (2004). 7) On average, IPOs traded at a premium and one reason can be underpricing of IPO at the offer time. Briefly discuss whether this result is consistent with previous empirical studies (Loughran and Ritter (2004)about IPO traded at premium if they were underpriced at offer time.

In: Finance

Design and implement a database for restaurant At the end you will submit a report that...

Design and implement a database for restaurant

At the end you will submit a report that has the following:

1-Describe the scenario of your database, what does it include, and what are the assumptions you have.

2-Draw an Entity-Relationship Diagram (ERD)

3-Write the schemas for 2 entities and 2 relationships

4- Compose two or three possible queries in written English and SQL that you can get from the database.

please l need the answer for this assignment.

In: Computer Science