$ 400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015?
Multiple Choice Question S. Lawyer performed legal services for E. Corp. Due to a cash shortage, an agreement was reached whereby E. Corp. would pay S. Lawyer a legal fee of approximately $ 15,000 by issuing 8,000 shares of its common stock( par $ 1). The stock trades on a daily basis and the market price of the stock on the day the debt was settled is $ 1.80 per share. Given this information, the best journal entry for E. Corp. to record for this transaction is Multiple Choice Question 110 Logan Corporation issues 50,000 shares of $ 50 par value preferred stock for cash at $ 60 per share. The entry to record the transaction will consist of a debit to Cash for $ 3,000,000 and a credit or credits to
IFRS Multiple Choice Question 01 Jahnke Corporation issued 8,000 shares of € 2 par value ordinary shares for € 11 per share. The journal entry to record the sale will include Multiple Choice Question 80 Zoum Corporation had the following transactions during 2014: 1. Issued $ 125,000 of par value common stock for cash. 2. Recorded and paid wages expense of $ 60,000. 3. Acquired land by issuing common stock of par value $ 50,000. 4. Declared and paid a cash dividend of $ 10,000. 5. Sold a long-term investment( cost $ 3,000) for cash of $ 3,000. 6. Recorded cash sales of $ 400,000. 7. Bought inventory for cash of $ 160,000. 8. Acquired an investment in Zynga stock for cash of $ 21,000. 9. Converted bonds payable to common stock in the amount of $ 500,000. 10. Repaid a 6 year note payable in the amount of $ 220,000. What is the net cash provided by financing activities?