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Morgan Corporation Had Two Issues of Securities Outstanding: Common Stock

question 57

Multiple Choice

Morgan Corporation had two issues of securities outstanding: common stock and an 8% convertible bond issue in the face amount of $12,000,000. Interest payment dates of the bond issue are June 30th and December 31st. The conversion clause in the bond indenture entitles the bondholders to receive forty shares of $20 par value common stock in exchange for each $1,000 bond. On June 30, 2014, the holders of $1,800,000 face value bonds exercised the conversion privilege. The market price of the bonds on that date was $1,100 per bond and the market price of the common stock was $35. The total unamortized bond discount at the date of conversion was $750,000. In applying the book value method, what amount should Morgan credit to the account "paid-in capital in excess of par," as a result of this conversion?

Recognize the importance and method of modifying negative cognitive biases and unrealistic beliefs in cognitive therapy.

Distinguish the similarities and differences between cognitive therapy (CT) and rational-emotive behavior therapy (REBT).

Understand the utilization of meta-analysis in evaluating psychotherapy effectiveness.

Recognize the significance of couple therapy and its application in resolving relationship problems.

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