On march 1, 2018, doll co. issued 10-year convertible bonds at 106. during 2021, the bonds were converted into common stock when the market price of doll's common stock was 500 percent above its par value. on march 1, 2018, cash proceeds from the issuance of the convertible bonds should be reported as: multiple choice a liability for the face amount of the bonds and paid-in capital for the premium over the par value. paid-in capital for the entire proceeds. paid-in capital for the portion of the proceeds attributable to the conversion feature and as a liability for the balance. a liability for the entire proceeds.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is