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ACC 308 6-1 Homework Chapter 14
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---7augustus 20212020/2021A
- 3. RE. 14-11 
Bonds with Detachable Warrants 
Langdon & Co. issues bonds with a face value of $50,000 for $51,000. Each $1,000 
the bond carries 10 warrants, and each warrant allows the holder to acquire one share of $1 
par common stock for $40 per share. Immediately after the issuance, the bonds are 
quoted at 99 ex-rights, and the warrants are quoted at $5 each. Calculate the value to 
be assigned to the bonds and to the warrants. Round your answers to two decimal 
places. 
The value assigned...
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ACC 308 - Final Workbook
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--82april 20212020/2021
- 7-1 Final Project Submission 
 
I. Accounting Workbook: Your accounting workbook must include appropriate calculations, ratios, and notes. Be sure to complete all tabs in the 
spreadsheet. 
A. Create adjusting entries for financial statement preparation. [ACC-308-03] 
B. Create an adjusted trial balance for financial statement preparation. [ACC-308-03] 
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C. Prepare financial statements for determining the company’s financial position. [ACC-308-03] 
D. Calculate ratios for determining the com...
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