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Llana [10]
4 years ago
9

On July 1, 2021, an interest payment date, $153000 of Oriole Company bonds were converted into 3070 shares of Oriole Company com

mon stock each having a par value of $45 and a market value of $54. There is a $5900 unamortized discount on the bonds. Using the book value method, Oriole would record:
Business
1 answer:
Stolb23 [73]4 years ago
3 0

Answer:

$17,900

Explanation:

= ($153,000-$5,900-(3070*45))*2

= ($153,000 - $5,900 - $138,150)*2

= ($8,950)*2

= $17,900 -  increase in paid-in capital in excess of par

NB - When a company issues bonds, it incurs a long-term liability on which periodic interest payments must be made, usually twice a year.

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Organizations are often divided into units or departments. Which of these is NOT a common way to organize a company?
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Answer: By employee compensation

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In an organization, it should be noted that an organization can be grouped based on the roles performed e.g in an organization, you can find he employees that are related to accounting of the company in the account department, employees involved in sales in the sales department etc.

Employee can also be grouped based on the product sold or based on customers but employees can't be grouped based on employee compensation. Employee compensation is the compensation that an employee gets for working for a particular company.

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3 years ago
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c. supply of bicycles will shift to the left.

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I hope my answer helps you

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4 years ago
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