Below Is Budgeted Production and Sales Information for Bluebird Company

question 2

Multiple Choice

Below is budgeted production and sales information for Bluebird Company for the month of December: The unit selling price for product XXX is $5 and for product ZZZ is $14.
Budgeted production for product XXX during the month is:

• A) 522,000 units
• B) 552,000 units
• C) 518,000 units
• D) 520,000 units

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Definitions:

Convertible Securities

Convertible securities are financial instruments, like bonds or preferred shares, that can be converted into a predetermined number of another type of security, typically shares of common stock, at the option of the holder or the issuer.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuer's equity shares at certain times during the bond's life, usually at the discretion of the bondholder.

Stockholders' Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' claim on the business.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) for financial reporting globally.