Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
What is the carrying amount of the bonds on december
Assignment Instructions
Assignment ID: FG133132589
Question – On January 1, 2021, a company issued 1,000 of its 8% 5-year P5,000 convertible bonds at P200,000 premium. Interests on these bonds are payable every December 31. The bonds are convertible into 40,000 of the company’s ordinary shares with par value of P100. On December 31, 2023, 200 bonds were converted while at the end of 2024, 400 bonds were retired at P2,020,000. Without the conversion feature, the market rate of interest for the company’s bonds on January 1, 2021 and December 31, 2024 are 10% and 11%, respectively.
Required –
1. What is the carrying amount of the bonds on December 31, 2023?
2. The conversion of the 200 bonds resulted to a net increase in equity in the amount of?
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