Assume that a person just lost his job and decided to take a month-long break to travel to Europe before looking for a new one. Just as he returns home from his trip, he is interviewed by the Department of Labor about his employment status. How would he be classified? a. not in the labor force
b. unemployed
c. discouraged
d. employed

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.