Business, 29.10.2019 02:31, fatimitashikita
In 2017, eklund, inc., issued for $103 per share, 90,000 shares of $100 par value convertible preferred stock. one share of preferred stock can be converted into three shares of eklund's $25 par value common stock at the option of the preferred stockholder. in august 2018, all of the preferred stock was converted into common stock. the market value of the common stock at the date of the conversion was $30 per share. what would the proper journal entry be as a result of the conversion of the preferred stock into common stock?
Answers: 3
Business, 22.06.2019 20:20, martinezarielys17
As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage
Answers: 2
Business, 22.06.2019 21:00, shawntawright1
On july 2, year 4, wynn, inc., purchased as a short-term investment a $1 million face-value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, year 11, and pay interest annually on january 1. on december 31, year 4, the bonds had a fair value of $945,000. on february 13, year 5, wynn sold the bonds for $920,000. in its december 31, year 4, balance sheet, what amount should wynn report for the bond if it is classified as an available-for-sale security?
Answers: 3
Business, 23.06.2019 00:30, josephfoxworth
Emerson has an associate degree. based on the bar chart below, how will his employment opportunities change from 2008 to 2018
Answers: 2
In 2017, eklund, inc., issued for $103 per share, 90,000 shares of $100 par value convertible prefer...
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