Answer:
cash 19,190,000
convertible bonds 19,000,000
premium on CB 190,000
convertible bonds 2,850,000
premium on CB 28,500
common stock 2,850,000
additional Paid-in Capital 28,500
Explanation:
The bonds are converted to common stock, there is no cash involve in this operation.
2,850,000 = 19,000,000 x 15%
28,500 = 190,000 x 15%
Answer:
2015 $31,500
2016 $31,500
2017 $31,500
Explanation:
Number of Options in total × Fair Value of the Stock per option
Where
Number of Options in total = 63
Fair Value of the Stock per option =15
Hence:
(63*100) ×$15
=$6,300 ×$15
= $ 94,500
Compensation expense will be:
2015, 2016, and 2017 will give us 3 years
= $94,500/3
= $31,500 for 2015, 2016, and 2017
Fair value of the options is said to be evaluated on grant date and expenditure is been recognised in 3 years because the employee will be working for 3 years which is from year 2015 to 2017
Answer:
Well driving to work isn't considered business related, personal trips are also off the table because their personal. Which leaves miles for conferences and client visits so the answer is <u>4500</u>
Explanation:
Hope this helps