On may 1, 2018, payne co. issued $1,500,000 of 7% bonds at 103, which are due on april 30, 2028. twenty detachable stock warrants entitling the holder to purchase for $40 one share of payne's common stock, $15 par value, were attached to each $1,000 bond. the bonds without the warrants would sell at 96. on may 1, 2018, the fair value of payne's common stock was $35 per share and of the warrants was $2. reference: ref 16-2 on may 1, 2018, payne should record the bonds with a group of answer choices discount of $16,800. discount of $15,000. discount of $60,000. premium of $45,000.
Answers: 3
Business, 21.06.2019 16:30
Eager, a tipped employee, reported to his employer that he had received $320 in tips during march. on the next payday, april 4, he was paid his regular salary of $250. the amount of oasdi taxes to withhold from eager’s pay is a. $19.84 b. $15.50 c. $35.34 d. $43.61 e. none of the above. 2 points
Answers: 1
Business, 22.06.2019 12:40
When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?
Answers: 3
Business, 22.06.2019 12:50
You own 2,200 shares of deltona hardware. the company has stated that it plans on issuing a dividend of $0.42 a share at the end of this year and then issuing a final liquidating dividend of $2.90 a share at the end of next year. your required rate of return on this security is 16 percent. ignoring taxes, what is the value of one share of this stock to you today?
Answers: 1
On may 1, 2018, payne co. issued $1,500,000 of 7% bonds at 103, which are due on april 30, 2028. twe...
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