On June 30, 2013, Blair Industries had outstanding $80 million of 8% convertible bonds that mature on

June 30, 2014. Interest is payable each year on June 30 and December 31. The bonds are convertible into

6 million shares of $10 par common stock. At June 30, 2013, the unamortized balance in the discount on

bonds payable account was $4 million. On June 30, 2013, half the bonds were converted when Blair's

common stock had a market price of $30 per share. When recording the conversion, Blair should credit

paid-in capital-excess of par:

A. $6 million.

B. $8 million.

C. $10 million.

D. $12 million.

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?

In macroeconomics, to study the aggregate means to study blank