1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
steposvetlana [31]
2 years ago
12

Garcia Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. Cash proceeds exceed

the sum of the fair value of the warrants and the face amount of the bonds. This excess is reported as:
Business
1 answer:
777dan777 [17]2 years ago
5 0

Answer:

Discount on bond payable

Explanation:

since in the question it is mentioned that the company has issued the common stock warrants also the cash proceeds is more than the sum of the fair value + face value

So we presume that the bond are to be sold at the discount

Therefore the excess should be reported as the discount on bond payable

You might be interested in
Moral hazard occurs when:
satela [25.4K]
1) Moral hazard occurs when the individual does not tell the others all the risks associated with their actions, so the correct answer is:
D. an individual knows more about his or her actions than other people do.

for the second one:

the money lent will be x

so we have :

x+10%x=1000
(the money lent and the interest are 1000 together)

so: 110%x=1000

\frac{110}{100} x=1000

\frac{11}{10} x=1000
11x=1000
x=1000\11
x=909.09 - so they correct answer is A!

x=


3 0
3 years ago
The term? "market" in economics refers to
timurjin [86]
I'm pretty sure it's option D
7 0
3 years ago
Flint Corporation issued 700 shares of no-par common stock for $7,800. Prepare Flint’s journal entry if (a) the stock has no sta
Masja [62]

Answer:Flint corporation journal $

Date

1. Bank account Dr 7800

Common stock Or. 7800

Narration. Issuance of 700 ordinary stock for $7800 .

2. Bank account Dr 7800

Common stock Cr. 1400

Share premium. 6400

Narration. Issuance of 700 ordinary at $7800 at a premium.

Explanation:

Shares can be issued at par, premium or discount. When it's issued at it's nominal value it's said to be issued at par, when it's issued above it's nominal value it's said to be issued at a premium and when it's issued below par it's said to issued at a discount.

4 0
2 years ago
Read 2 more answers
Nevin is a longtime teacher supervising a group of very eager, very dedicated teach for america volunteers who are excited about
vodka [1.7K]
The correct answer is "People-Oriented Leadership".

People-Oriented leadership refers to the kind of leadership, wherein a leader takes initiative and also believes that communication from one worker to another can be a good cause for effective teamwork. Nevin believes that social interaction can be a good cause for unity and a harmonious workplace to achieve goals easily.
6 0
2 years ago
Read 2 more answers
Which of the following factor is a cause for team failure?
Anastaziya [24]

Answer:

Conflicting personalities

6 0
2 years ago
Read 2 more answers
Other questions:
  • The financial reporting (disclosure) system is based on the electronic data tagging language called
    5·1 answer
  • Cork inc. declared a $160,000 cash dividend. it currently has 6,000 shares of 6%, $100 par value cumulative preferred stock outs
    9·1 answer
  • Suppose you decide to follow in Vernon Smith's footsteps and conducted your own experiment with your friends. You give out 10 ca
    12·1 answer
  • Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materia
    14·2 answers
  • Could someone help me with these questions?! I need help fast
    6·1 answer
  • The tiny isolationist nations of Lorland and Zhangia are considering opening their borders to trade with each other. Both nation
    5·1 answer
  • The CEO of Fly Corporation decides to change an accounting method at the end of the current year. The change results in reported
    10·1 answer
  • Explain the two key communication skills necessary to resolve conflict. help asap
    13·1 answer
  • 2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you
    13·1 answer
  • The tax multiplier equals the change in​ ________ divided by the change in​ ________.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!