Answer: Statement A
Explanation: Convertible bonds is a type of bond security which gives its holder the right to convert each bond to a specified number of shares. These are hybrid securities having features of both equity and debt.
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Warrants are securities that give their holder the right to purchase the common shares of the company at a specified price and before a certain time period.
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Thus, from the above explanation we can conclude that statement A is correct.
Answer:
A proposal typically provides information so that an organization can make a decision about a product, procedure, or policy.
Answer:
Difference = 1.75 , Function = mod [ 0.15x - 5 ]
Explanation:
Discount case 1 = $5 {Each week} , Discount case 2 = 15% {Each week}
After 1st week , for item cost = 45
- Discount in case 1 = $5 , & price = 45 - 5 = 40
- Discount in case 2 = 15% of 45 = 6.75 , & price = 38.25
Difference in price = 40 - 38.25 = 1.75 .It is same is difference in discount = 6.75 - 5 , ie = 1.75
Functional rule in price difference , for item with unknown price 'x' = mod [ (x - 5) - (x - 0.15x) ] = mod [ x - 5 - x + 0.15x ] = mod [ 0.15x - 5 ] , which is same as difference between discount '0.15x & 5'
Answer:
Yes this statement was an error and its effect on financial statements of Woods will be that asset ( equipment in this case) would be overstated and obviously the net income of the company would also increase.
Explanation:
Here Woods accountant has made the error of debiting the cost of $500 on the asset account ( equipment) , which shouldn't have happened as the asset accounts have natural debit balance which means that when an amount is debited to the asset account it will increase the value of the asset.
So therefore here we can say that the asset here is overstated and if the assets are shown overstated it is natural that the income reflected would also be overstated.
