Answer:
Explanation:
To record the conversion:
Dr Debt conversion expense 68,000
Dr Bonds payable 10,000,000
Cr Discount on bonds 51,000
Cr Common stock 1,000,000
Cr Paid in capital in excess of common stock 8,949,000
Cr Cash 68,000
Answer:
the interest payable is $210,000
Explanation:
The computation of the interest payable is shown below:
= Principal payments × rate of interest × no of months ÷ total no of months × time period
= $350,000 × 6% × 6 months ÷ 12 month × 20years
= $210,000
hence, the interest payable is $210,000
The same should be considered and relevant
It can impact your ability to be approved for bank loans.
This would be a general partnership because both parties are responsible equally.
Answer:
First-line manager.
Explanation:
A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.
