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Nataly [62]
3 years ago
14

Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bond

s are converted on December 31, 2017, when the unamortized discount is $30,000 and the market price of the stock is $21 per share. Record the conversion using the book value approach.
Business
1 answer:
cricket20 [7]3 years ago
4 0

Explanation:

The Journal entry is given below :-

Bonds payable                                      $2,000,000

      To common stock                          $1,000,000

      To Discount on common stock     $30,000

      To Paid in capital                            $970,000

The calculation of bonds payable, common stock is below:-

For bonds payable            

= 2,000 × $1,000

= $2,000,000

For common stock

= 2,000 × 50 × $10

= $1,000,000

For paid in capital

= $2,000,000 - ($1,000,000 - $30,000)

= $970,000

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None of the options shows an alternative Tina has, a real alternative would be a credit card and cash ($190)

In economics, an alternative is an element that replaces or substitutes another. For an element to be considered an alternative it needs:

  • To belong to the same category or have the same function.
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Based on this, let's analyze each of the options:

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Therefore, the options do not present alternatives; but one valid alternative is a credit card and $190.

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Leokris [45]
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"Slumming" meant:
Andru [333]

Answer:

A.

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Harlem is a city located in the neighbourhood of New York City after blacks migrated to the place the city became a restricted area to go.

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8 0
3 years ago
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4 0
2 years ago
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