Suppose that a close friend has asked you to cosign a loan she needs to start up a children's clothing store. You would like to help you can. However, your friend is currently unemployed, and you are concerned that she will not be able to repay the loan. After much thought, you decide not to cosign the loan. Write a letter to your friend explaining why you have decided not to cosign her loanIn the letter, point out what the consequences to you will be if she is unable to repay the loan .

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.