Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion
Explanation:
A convertible bond is a debt security that yields the payment of interest, but can also be converted into equity shares or common stock that are predetermined.
The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.
Answer:
Dr interest expense $2448
Dr interest payable $3060
Dr Notes payable $61,200
Cr cash($2448
+$3060
+$61,200) $ 66,708.00
Explanation:
The interest accrued at 31st December 2022 is interest for 5 months which is calculated thus:
interest as at 31st December=5/12*12%*61,200=$3060
On that interest expense would have been debited while interest payable is credited with $3060
On the due date, interest for another months need to computed as follows:
interest for four months=4/12*12%*61,200=$2448
Answer and Explanation:
The journal entry when the dividend is declared is shown below:
Cash Dividend A/c Dr $8,800 {(16,000 shares - 5,000 shares) × $0.80}
To Dividend payable A/c $8,800
(Being the dividend is declared)
for recording this we debited the cash dividend as it increased the balance of dividend and credited the dividend payable as it also increased the liabilities
Answer:
If they did not do so, they would be left without a job,t hen left without a means of supporting themselves, and supposedly their family
The strength of GENx managers may be their capacity to give feedback to workers. Maslow thought that the desire to meet unfulfilled wants served as the foundation for motivation.
<h3>
What characterizes a competent manager?</h3>
In addition to leading teams and fostering their growth, excellent managers are also able to fully control their company's operations and performance. These are the individuals who consistently adapt to new circumstances, inspire others to realize their greatest potential, and produce their finest work.
Employee morale is raised and motivation for the job is increased thanks to feedback. It is an inherent attribute of a manager to be able to receive feedback from his staff.
Therefore, choice 3 is the appropriate response to the statement.
Learn more about Gen X managers:
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