On march 1, 2018, doll co. issued 10-year convertible bonds at 106. during 2021, the bonds were converted into common stock when the market price of doll's common stock was 500 percent above its par value. on march 1, 2018, cash proceeds from the issuance of the convertible bonds should be reported as: multiple choice a liability for the face amount of the bonds and paid-in capital for the premium over the par value. paid-in capital for the entire proceeds. paid-in capital for the portion of the proceeds attributable to the conversion feature and as a liability for the balance. a liability for the entire proceeds.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan