On March 1, Year 1, Evan Corp. issued USD500,000 10% nonconvertible bonds at 103, due on February 28, Year 11. Each USD1,000 bond was issued with 30 detachable stock warrants, each of which entitled the holder to purchase, for USD50, one share of Evan's USD25 par common stock. On March 1, Year 1, the market price of each warrant was USD4. By what amount should the bond issue proceeds increase stockholders' equity?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .Quattro Corporation signed a lease from Cinco Leasing Company on July 1, Year 1, for equipment having a five-year useful life. The lease does not include any option to purchase the equipment at the end of the four-year lease term, nor does it include a provision for ownership transfer. Five equal payments of USD10,000 per year are required by the terms of the lease, with the first payment due upon signing. Quattro's incremental borrowing rate is 8 percent, but its implicit interest rate is unknown.Present value of an annuity at 8% for 5 years = 3.993Present value of an annuity at 8% for 4 years = 3.312On its December 31, Year 1, financial statements, Quattro would display the following amounts in the indicated accounts under U.S. GAAP:
A Equipment USD43,120；Accumulated Depreciation USD5,390 Lease Payable USD33,120 B Equipment USD0；Accumulated Depreciation USD0 Lease Payable USD0 C Equipment USD49,930；Accumulated Depreciation USD6,241 Lease Payable USD39,930 D Equipment USD43,120；Accumulated Depreciation USD4,312 Lease Paya...
2 .Howe Co. leased equipment to Kew Corp. on January 2, Year 1, for an eight-year period expiring December 31, Year 8. Equal payments under the lease are USD600,000 and are due on January 2 of each year. The first payment was made on January 2, Year 1. The list selling price of the equipment is USD3,520,000 and its carrying cost on Howe's books is USD2,800,000. The lease is appropriately accounted for as a sales-type (finance) lease. The present value of the lease payments at an imputed interest rate of 12% (Howe's incremental borrowing rate) is USD3,300,000. What amount of profit on the sale should Howe report for the year ended December 31, Year 1?
A USD720,000 B USD500,000 C USD0 D USD90,000
3 .The following information pertains to a sale and leaseback of equipment by Mega Co. on December 31, Year 1:Sales priceUSD400,000Carrying amount300,000Monthly lease payments3,250Present value of lease payments36,900The estimated remaining life of the asset is 25 years and the lease term is 1 year. Mega uses IFRS. The sales price is equal to the fair value of the leaseback asset. What amount of deferred gain on the sale should Mega report at December 31, Year 1?
A USD100,000 B USD63,100 C USD0 D USD36,900
4 .On January 2, Year 1, Nast Co. issued 8% bonds with a face amount of USD1,000,000 that mature on January 2, Year 7. The bonds were issued to yield 12%, resulting in a discount of USD150,000. Nast incorrectly used the straight-line method instead of the effective interest method to amortize the discount. How is the carrying amount of the bonds affected by the error?
A At December 31, Year 1Overstated;At January 2, Year 7Understated B At December 31, Year 1Understated;At January 2, Year 7No effect C At December 31, Year 1Overstated;At January 2, Year 7No effect D At December 31, Year 1Understated;At January 2, Year 7Overstated
5 .On January 31, Year 2, Beau Corp. issued USD300,000 maturity value, 12% bonds for USD300,000 cash. The bonds are dated December 31, Year 1, and mature on December 31, Year 11. Interest will be paid semi-annually on June 30 and December 31. What amount of accrued interest payable should Beau report in its September 30, Year 2 balance sheet?
A USD24,000 B USD9,000 C USD18,000 D USD27,000
7 .On April 1, Year 1, Saxe, Inc. purchased USD200,000 face value, 9% U.S. Treasury Notes for USD198,500, including accrued interest of USD4,500. The notes mature July 1, Year 2, and pay interest semiannually on January 1 and July 1. Saxe uses the straight-line method of amortization. The notes were sold on December 1, Year 1 for USD206,500, including accrued interest of USD7,500. In its October 31, Year 1 balance sheet, the carrying amount of this investment should be:
A USD197,200 B USD196,800 C USD199,000 D USD194,000
8 .What type of bonds in a particular bond issuance will not all mature on the same date?
A Term bonds. B Debenture bonds. C Serial bonds. D Sinking fund bonds.
9 .Which of the following statements characterizes convertible debt under U.S. GAAP?
A No value is assigned to the conversion feature when convertible debt is issued. B The issuer's stock price is less than market value when the debt is converted. C The holder of the debt must be repaid with shares of the issuer's stock. D The transaction should be recorded as the issuance of stock....
10 .On January 1, a company issued a USD50,000 face value, 8% five-year bond for USD46,139 that will yield 10%. Interest is payable on June 30 and December 31. What is the bond carrying amount on December 31 of the current year?
A USD46,446 B USD46,768 C USD46,139 D USD47,106
