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Gala2k [10]
2 years ago
10

On July 1, 2021, an interest payment date, $149000 of Bonita Industries bonds were converted into 2970 shares of Bonita Industri

es common stock each having a par value of $45 and a market value of $56. There is $6600 unamortized discount on the bonds. Using the book value method, Bonita would record:___________
Business
1 answer:
RoseWind [281]2 years ago
5 0

Answer:

$8,750

Explanation:

Calculation for what Bonita would record Using the book value method

Bonita Industries bonds $149,000

Less Bonita Industries converted common stock shares *Par value $133,650

(2,970 shares*$45)

Less Unamortized discount $6,600

Interest payment DATE amount $149,000

Less

AMOUNT to record $8,750

Therefore Bonita would record $8,750

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marysya [2.9K]

Answer:

Franchises.

Explanation:

A franchise is formed when a third party is given the right to market products using the brand name of a parent company. There is usually an agreement between the parent company and the third party on profit sharing from the franchise.

In this scenario Keith wants to try a brand recognition of a national chain, but he wants to stay in his local area and be the owner of the shop.

The best option is to form a franchise where he can use the national brand to grow his business locally.

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3 years ago
List the professional skills categories required for kinesiology practitioners to be successful
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To be succesful, kinesiology practicioners need to:

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2 years ago
Jim drops his car off at ABC Garage to have his exhaust system repaired and takes the train to work. When he returns, he finds t
TEA [102]

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This coverage is identical to the direct primary coverage and it basically protects the vehicle of a client without taking into consideration the person that is responsible. The direct excess coverage will be paid in excess of the primary policy.

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A deficit on the current account Multiple Choice means that a nation is making international transfers. has no relationship to t
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Answer:

The correct option is C

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The current account of the country states the foreign transactions of the country within the time period.

So, when there is deficit or shortage on the current account, it means that usually, it will cause deficit in the finance as well as the capital account of the country.

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3 years ago
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<h3>When would a firm shut down in the short run?</h3>

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To learn more about when a firm should shut down, please check: brainly.com/question/13034691

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2 years ago
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