Hoffman corporation issued $75 million of 6%, 20-year bonds at 102. each of the 75,000 bonds was issued with 10 detachable stock warrants, each of which entitled the bondholder to purchase, for $20, one share of $1 par common stock. at the time of sale, the market value of the common stock was $25 per share and the market value of each warrant was $4. prepare the journal entry to record the issuance of the bonds. (enter your answers in millions rounded to 1 decimal place (i. e., 5,500,000 should be entered as 5.5). if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)
Answers: 1
Business, 21.06.2019 21:00, castiaulii16
The market for corn in country a is highly competitive. at the current market price of $5/bushel there is a shortage of 100,000 bushels of corn in this country. media reports claim that the price of corn will rise drastically in the near future. according to these reports, the neighboring country b had witnessed a similar situation recently. at the same price, the shortage in country b was also 100,000 bushels and eventually the equilibrium price in b went up to $10/bushel. both countries are known to have equal number of corn producers and the market supply of corn is identical at all prices. this, combined with the fact that consumers in the two countries also have similar tastes and preferences, led the media to conclude that the price of corn in country a would soon be as high as $10/bushel. the new equilibrium price turns out to be below $10/bushel, what inferences can be drawn?
Answers: 3
Business, 22.06.2019 13:40, moneytt2403
Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.
Answers: 2
Business, 22.06.2019 20:00, jessicaortiz6
Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:
Answers: 2
Hoffman corporation issued $75 million of 6%, 20-year bonds at 102. each of the 75,000 bonds was iss...
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