Delius corp. has outstanding 1,000 5% bonds, issued in year 1 at their face value of $1,000 each, which are currently selling at $1,150 each. in year 3 delius corp. reaches an agreement with its bondholders to issue 100 shares of stock for each bond instead of paying off the bonds at the maturity date. the stock has a fair market value of $18 per share. as a result of the above, what recognized gain must delius’s bondholders, now shareholders, report in year 3?

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.