WebAug 16, 2024 · Answer. Question: Which of the following is true with regard to 10% Debentures issued at a discount of 20%. (a) The face value and the carrying amount of debentures are equal. (b) The carrying amount of debentures gets reduced each year at a rate of 20%. (c) Issue price and the carrying amount of debentures are equal. WebGuaranteed 2.938% Debenture Participation Certificates, Series SBIC 2024-10 A. Evidencing Fractional Undivided Interests in a Pool of 2.938% Debentures Due March 1, 2032. Issued by. Small Business Investment Companies . Distributions of interest payable September 10 and March 10, commencing September 10, 2024 . The Certificates:
Debenture definition — AccountingTools
WebCost of issue of debentures should be written off in the ratio of 5 : 4 : 3 :2 : 1. Total of the ratios = 5 + 4 + 3 + 2+1 = 15. Cost of issue of debentures to be written off for the period … WebTHIS 8% SECURED CONVERTIBLE DEBENTURE is one of a series of duly authorized and validly issued 8% Secured Convertible Debentures of Accentia Biopharmaceuticals, Inc., a Florida corporation, (the “ Company ”), having its principal place of business at 324 South Hyde Park Ave., Suite 350, Tampa, Florida 33606, designated as its 8% Secured … safest brokerage account
Issue of Debenture: at Par, Premium and Discount - Your …
WebIn this situation the issue price is less than par value but redemption value is more than par value. The difference between the redemption price and the issue price is treated as discount/loss on issue of debenture. Suppose, a 10% debenture of Rs. 1,000 is issued at a discount of Rs. 100 and WebOct 28, 2024 · Globe Ltd. issues 20,000, 9% debentures of Rs. 100 each at a discount of 5% redeemable at the end of 5 years at a premium of 6%. For what amount ‘Loss on Issue of Debentures Account’ will be debited? (a) Rs. 1,00,000 (b) Rs. 1,20,000 (c) Rs.2,80,000 (d) Rs.2,20,000 Answer Question. When debentures are issued by the company at a price less than its nominal value (face value) it is said to be issued at discount. It is important to note that the Companies Act has not put any restriction on the … See more A person has to follow a specific process to take some debentures in his own name. It involves the investors applying for debentures according to the prospectus given by the company. See more Alabama Ltd. issued 10,000, 10% Debentures of Rs.100 each, at Rs.90 (Case of Debentures issued at Discount), redeemable at par after 5 years, payable Rs.70 on the application and the balance on allotment. The … See more safest browser for windows 2022