ACC 304 All Assignments ACC 304 All Assignments | Page 9

1) We have also attached download of Chapter 12, 13, 14, 15, 16
(download it from my account section)
Please use those as well for your finals and please either use the
question number or some data from question to search as they usually
change the company keeping the data same
2)
Convertible bonds
3) Litke Corporation issued at a premium of $5,000 a $100,000 bond
issue convertible into 2,000 shares of common stock (par value $20). At
the time of the conversion, the unamortized premium is $2,000, the
market value of the bonds is $110,000, and the stock is quoted on the
market at $60 per share. If the bonds are converted into common, what
is the amount of paid-in capital in excess of par to be recorded on the
conversion of the bonds?
4) Didde Co. had 300,000 shares of common stock issued and
outstanding at December 31, 2014. No common stock was issued
during 2015. On January 1, 2015, Didde issued 200,000 shares of
nonconvertible preferred stock. During 2015, Didde declared and paid
$75,000 cash dividends on the common stock and $60,000 on the