Business, 08.02.2021 23:20 Jennifer16253

Harley Corporation issued $75,000 of 6%, 10-year, nonconvertible bonds with detachable stock purchase warrants. Each $1,000 bond carried 20 detachable warrants, each of which was for one share of Harley common stock, par $20, at a specified exercise price of $60. The bonds sold at 102 including the warrants (no bond price without warrants was available), and immediately after the date of issuance, the detachable stock purchase warrants were selling at $4 each. All indicated transactions occurred in the same fiscal year. Required a. Provide the entry for the issuer at the date of issuance of the bonds. b. Provide the entry for Harley assuming subsequent tender of all of the warrants by the investor for exercise at the specified exercise price. At this date, the stock was selling at $75 per share. Note: List multiple debits or credits (when applicable) in alphabetical order.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 13:30

You operate a small advertising agency. you employ two secretaries, a graphic designer, three sales representatives, and an office coordinator. 1. what types of things would you consider when determining how to compensate each position? describe two (2) considerations. 2. what type of compensation plan would you use for each position?

Answers: 1

Answer

Business, 22.06.2019 19:30

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Answers: 3

Answer

Business, 22.06.2019 20:20

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44

Answers: 2

Answer

Business, 22.06.2019 23:30

What are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.

Answers: 1

Answer

You know the right answer?

Harley Corporation issued $75,000 of 6%, 10-year, nonconvertible bonds with detachable stock purchas...

Questions