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On January 1, 2021, an investor paid $298,000 for bonds with a foce amount of $318,000....
On January 1, 2021, an investor paid $291,000 for bonds with a face amount of $300,000....
On January 1, 2021, an investor paid $291,000 for bonds with a face amount of $300,000. The contract rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2022 (assume annual interest payments and amortization)? Multiple Choice $23,280. $25,140. $29,100. $29,610.
Help Save & Submit On January 1, 2021, an investor paid $293.000 for bonds with a...
Help Save & Submit On January 1, 2021, an investor paid $293.000 for bonds with a face amount of $313,000. The contract rate of interest is 8% while the current market rate of interest is 11%. Using the effective interest method, how much interest income is recognized by the investor in 2022 (assume annual interest payments and amortization? (Round your answer to the nearest dollar amount.) Saved Help Multiple Choice C) 332,230. o $33,021. o $23,161. o
On January 1, 2021, an investor paid $304,000 for bonds with a face amount of $355.000....
On January 1, 2021, an investor paid $304,000 for bonds with a face amount of $355.000. The stated rate of interest is 11% while the current market rate of interest Is 13%. Using the effective interest method, how much interest income is recognized by the investor in 2021 (assume annual interest payments and amortization? Multiple Choice $39,050 $46,150 $33,440 $39,520
On January 1, 2018, an investor paid $294,000 for bonds with a face amount of $314,000....
On January 1, 2018, an investor paid $294,000 for bonds with a face amount of $314,000. The contract rate of interest is 8% while the current market rate of interest is 11%. Using the effective interest method, how much interest income is recognized by the investor in 2019 (assume annual interest payments and amortization)? (Round your answer to the nearest dollar amount.)
On January 1, 2021, Lizzy's Lemonade logues 5%, 20 year bonds with a foce amount of...
On January 1, 2021, Lizzy's Lemonade logues 5%, 20 year bonds with a foce amount of $97.000 for $85.789.priced to yleld 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.)
Quatro Co. issues bonds dated January 1, 2019, with a par value of $850,000. The bonds'...
Quatro Co. issues bonds dated January 1, 2019, with a par value of $850,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $893,131. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over...
Universal Foods issued 12% bonds, dated January 1, with a foce amount of $155 million on...
Universal Foods issued 12% bonds, dated January 1, with a foce amount of $155 million on January 1, 2021 to Wang Communications. The bonds mature on December 31, 2035 (15 years). The market rate of Interest for similar issues was 14%. Interest is pald semiannually on June 30 and December 31. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. to...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of s...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 10%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 3.33 points eBook Required: 1. Determine the price...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000,...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 5.88 Dots Required: 1. Determine the price of...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $890 million on...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $890 million on January 1, 2021. The bonds sold for $818,591.740 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31 Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective...
Help Save & Submit On January 1, 2021, an investor paid $293.000 for bonds with a face amount of $313,000. The contract rate of interest is 8% while the current market rate of interest is 11%. Using the effective interest method, how much interest income is recognized by the investor in 2022 (assume annual interest payments and amortization? (Round your answer to the nearest dollar amount.) Saved Help Multiple Choice C) 332,230. o $33,021. o $23,161. o
On January 1, 2021, an investor paid $304,000 for bonds with a face amount of $355.000. The stated rate of interest is 11% while the current market rate of interest Is 13%. Using the effective interest method, how much interest income is recognized by the investor in 2021 (assume annual interest payments and amortization? Multiple Choice $39,050 $46,150 $33,440 $39,520
On January 1, 2021, Lizzy's Lemonade logues 5%, 20 year bonds with a foce amount of $97.000 for $85.789.priced to yleld 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.)
Quatro Co. issues bonds dated January 1, 2019, with a par value of $850,000. The bonds' annual contract rate is 12%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $893,131. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over...
Universal Foods issued 12% bonds, dated January 1, with a foce amount of $155 million on January 1, 2021 to Wang Communications. The bonds mature on December 31, 2035 (15 years). The market rate of Interest for similar issues was 14%. Interest is pald semiannually on June 30 and December 31. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. to...
When Patey Pontoons issued 6% bonds on January 1, 2021, with a face amount of $600,000, the market yield for bonds of similar risk and maturity was 10%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 3.33 points eBook Required: 1. Determine the price...
When Patey Pontoons issued 8% bonds on January 1, 2021, with a face amount of $780,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 5.88 Dots Required: 1. Determine the price of...
Federal Semiconductors issued 10% bonds, dated January 1, with a face amount of $890 million on January 1, 2021. The bonds sold for $818,591.740 and mature on December 31, 2040 (20 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and December 31 Required: 1. to 3. Prepare the journal entries to record their issuance by Federal on January 1, 2021, interest on June 30, 2021 (at the effective...
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