On May 1, 2020, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98, but the fair value of the warrants cannot be determined.Instructionsa. Prepare the entry to record the issuance of the bonds and warrants.b. Assume the same facts as part (a), except that the warrants had a fair value of $30. Prepare the entry to record the issuance of the bonds and warrants.

A. Dr Cash $2,040,000

Dr Discount on Bonds Payable $40,000

Cr Bonds Payable $2,000,000

Cr Paid-in Capital—Stock Warrants 80,000

B. Dr Cash $2,040,000

Dr Discount on Bonds Payable $20,594

Cr Bonds Payable $2,000,000

Cr Paid-in Capital—Stock Warrants $60,594

Explanation:

A. Preparation of the entry to record the issuance of the bonds and warrants.

Dr Cash 2,040,000

[(2,000*$1,000 )*1.02]

($2,000,000 *1.02=2,040,000)

Dr Discount on Bonds Payable $40,000

[(1 – .98) *$2,000,000]

Cr Bonds Payable $2,000,000

(2,000*$1,000 )

Cr Paid-in Capital—Stock Warrants 80,000

[$2,040,000 – ($2,000,000 * .98)]

(Being to record issuance of the bonds and warrants)

b. Preparation of the Journal entry Assume the same facts as part (a), except that the warrants had a fair value of $30

First step is to calculate the Total market value

Market value of bonds without warrants $1,960,000

($2,000,000 * .98)

Add Market value of warrants $60,000

(2,000 * $30)

Total market value $2,020,000

($1,960,000+$60,000)

Now let prepare the journal entry

Dr Cash $2,040,000

($2,000,000 *1.02=2,040,000)

Dr Discount on Bonds Payable $20,594

[($2,000,000+$60,594-$2,040,000]

Cr Bonds Payable $2,000,000

(2,000*$1,000 )

Cr Paid-in Capital—Stock Warrants $60,594

[($60,000/$2,020,000)*$2,040,000]

(Being to record issuance of the bonds and warrants)

C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

Options:

a. The small land-owner had an advantage in the negotiations by possessing something that the mine needed. 

b. It allowed for equality in the negotiations between interested parties. 

c. The impoverished context allowed the government to gain access to the land. 

d. No real impact?

Answer:

c. The impoverished context allowed the government to gain access to the land. 

Explanation:

The explorations that led to the discovery of Tintaya mine go back to 1917. In 1971, the Peruvian government promoted the exploitation  of the mine. In 1980, the expropriation of approximately 4,000 hectares of land, owned by the communities, was carried out. It is for this reason that started a dispute between the commoners and the Company. In 1985 the exploitation of Tintaya began and it became the third producer of the country. In 1994, the mine was bought by Broken Hill Proprietary (BHP), who subsequently merged with the company Billiton, forming the second biggest group in the world production of minerals. In 2001, the first proposal for the framework agreement was made public. An agreement was reached and the framework agreement was consolidated in 2003. The signature of the framework agreement was an innovative milestone. Never before, a mining company had agreed to transfer a percentage of profits to communities and to engage to dialogue with them at all times. In 2005, a violent takeover occurred of the Tintaya facilities. A reformulation of the framework agreement was demanded. The implementation of the framework agreement was taking place very slowly. The president of BHP Billiton had to suspend the mining activity until a new agreement was reached. Then the negotiations began again. Xstrata Cooper (now Glencore) bought Tintaya from BHP Billiton in 2006. The owner changed, but the same conflicts and mobilizations continued until 2012. The last stoppage lasted eight days. During this paralysis, violent acts occurred and even the mine was asked to close, which was completely rejected by the government. At present, no resolution or reformulation of the framework agreement has been reached. 

So is often the case, the expansion of mining activity led to the expropriation or purchase of land, back in 1980, from five communities and left open conflicts (low prices, evictions, illegitimate negotiations, etc.), as well as various environmental and human rights problems.

The correct answer to this open question is the following.

Although the question does not provide any options, we can say that the set of factors in the ethical decision-making process are individual, collective, and social.

Ethics and integrity should be "common sense." Moral values and attitudes are so important as key behaviors by the members of the organization. If employees are not guided by these concepts, the risk is that they could deviate from the guidelines and performance expected by the management.

The leader of the company and top management are the ones who have to set the example in order for the workers to follow those steps. The leader has to set an example of the conduct expected in the organization.

Assuming Dante earned 72.50 per week multiply 50 weeks is equal to 3625 yearly. It can be his employer deducted 500 federal tax as he earns low and doesn't need to pay tax so he can claim it by filing for refund. 

As it requires running informant wiretapping, training to keep tabs on everyone and threatening to charge them with critical offenses if they never turn states evidence. As it needs to be ability to monitor and interdict operations. This criminal intelligence itself is at its high risk of CR infringements.