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Answer:
22) D) Serial Bonds
Serial Bonds are issued with a Feature of redeemed in a instalments. Each Instalment in the includes the Interest and Principle amount. Annuity is used in serial Bonds. .
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0 Bond payable. mortgage payable. d. pension. Bonds that mature in installments are called a. term...
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond...
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond issuer owns. Equipment Trust Certificate This type of municipal bond is backed by the full faith and credit of the issuing municipality. The coupon payments are likely to paid by the taxes that the municipality collects. Sinking Fund This is a bond provision that specifies the annual repayment schedule that will be used to service the bond and...
1)The principal amount of a bond that is repaid at the end of the loan term...
1)The principal amount of a bond that is repaid at the end of the loan term is called the bond's: A) coupon. B) face value. C) maturity. D) yield to maturity. E) coupon rate. 2) A bond with a face value of $1,000 that sells for $1,000 in the market is called a bond. A) par value B) discount C) premium D) zero coupon E) floating rate 3) A bond with a coupon rate of 6 percent that pays interest...
1. From the standpoint of the issuing company, a disadvantage of using bonds as a means...
1. From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that A. bond interest is deductible for tax purposes. B. interest must be paid on a periodic basis regardless of earnings. C. income to stockholders may increase as a result of trading on the equity D. the bondholders do not have voting rights. 2. Bonds that mature at a single specified future date are called A. coupon bonds. B. term...
1) The principal amount of a bond that is repaid at the end of the loan...
1) The principal amount of a bond that is repaid at the end of the loan term is called the bond's: A) coupon B) face value. C) maturity D) yield to maturity E) coupon rate. 2) A bond with a face value of $1,000 that sells for $1.000 in the market is called a bond A) par value B) discount C) premium D) zero coupon E) floating rate 3) A bond with a coupon rate of 6 percent that pays...
Question 19 4 pts When a note is secured by an asset of the corporation, it...
Question 19 4 pts When a note is secured by an asset of the corporation, it is called ain) O mortgage. O asset note. callable note O serial bond. Question 18 4 pts Rawl Company issues a 10-year, $4,000,000 bond on 01/01/2019 with a premium of $100,000. The coupon rate of the bond is 10%, and interest is to be paid to the bondholders semiannually on 06/30 and 12/31. The journal entry that Rawl should make on 12/31/2019 with regard...
dispensary Borrowed $360,000 on January 2 ,2016, by issuing a 10% serial bond payable that must...
dispensary Borrowed $360,000 on January 2 ,2016, by issuing a 10% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2 , 2017. Complete the missing information. Assume bonds are issued at face value. ( for accounts with a $0 balance make sure to enter "0" in the appropriate cell) 2016 2017 2018 Current Liab Bonds payable Interest payable Long term Liab...
Could you plz help me those questions? I literally struggled.. QUESTION 1 Which of the following...
Could you plz help me those questions? I literally struggled.. QUESTION 1 Which of the following is true regarding current portion of long-term debt? a. is reported separately on the balance sheet, but not in the general ledger b. is listed on the balance sheet as a current liability c. it is the part of the liability amount that is expected to be paid within the next year d. all are true 1 points QUESTION 2 Where on the...
A company issues term bonds totaling $300,000 on January 1, 2014. The bonds have a coupon...
A company issues term bonds totaling $300,000 on January 1, 2014. The bonds have a coupon rate of 5%, pay interest semi-annually on January 1st and July 1st of each year, and mature in 10 years. Calculate the bond issue price assuming that the prevailing annual market rate of interest is: 5%, 4% As applicable, prepare a bond discount or bond premium amortization schedule based on the effective-interest method. As applicable, record the applicable journal entries in 2014 (1/1/2014, 7/1/14,...
Coca Cola has issued various types of bonds such as term bonds, income bonds, and debentures....
Coca Cola has issued various types of bonds such as term bonds, income bonds, and debentures. Differentiate between term bonds, mortgage bonds, debenture bonds, income bonds, callable bonds, registered bonds, bearer or coupon bonds, convertible bonds, commodity-backed bonds, and deep discount bonds. How would any discount on bonds payable be reported on their financial statements? What about a premium on bonds payable?
Redemption of Bonds Payable A $860,000 bond issue on which there is an unamortized premium of...
Redemption of Bonds Payable A $860,000 bond issue on which there is an unamortized premium of $66,000 is redeemed for $758,000 Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. eBook , Show Me How Calculator On the first day of its fiscal year, Chin Company issued $27,300,000 of five-year, 6% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued...
Term Answer Description Zero coupon bond This term is used for bonds that are secured by a specific asset that the bond issuer owns. Equipment Trust Certificate This type of municipal bond is backed by the full faith and credit of the issuing municipality. The coupon payments are likely to paid by the taxes that the municipality collects. Sinking Fund This is a bond provision that specifies the annual repayment schedule that will be used to service the bond and...
1)The principal amount of a bond that is repaid at the end of the loan term is called the bond's: A) coupon. B) face value. C) maturity. D) yield to maturity. E) coupon rate. 2) A bond with a face value of $1,000 that sells for $1,000 in the market is called a bond. A) par value B) discount C) premium D) zero coupon E) floating rate 3) A bond with a coupon rate of 6 percent that pays interest...
1. From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that A. bond interest is deductible for tax purposes. B. interest must be paid on a periodic basis regardless of earnings. C. income to stockholders may increase as a result of trading on the equity D. the bondholders do not have voting rights. 2. Bonds that mature at a single specified future date are called A. coupon bonds. B. term...
1) The principal amount of a bond that is repaid at the end of the loan term is called the bond's: A) coupon B) face value. C) maturity D) yield to maturity E) coupon rate. 2) A bond with a face value of $1,000 that sells for $1.000 in the market is called a bond A) par value B) discount C) premium D) zero coupon E) floating rate 3) A bond with a coupon rate of 6 percent that pays...
Question 19 4 pts When a note is secured by an asset of the corporation, it is called ain) O mortgage. O asset note. callable note O serial bond. Question 18 4 pts Rawl Company issues a 10-year, $4,000,000 bond on 01/01/2019 with a premium of $100,000. The coupon rate of the bond is 10%, and interest is to be paid to the bondholders semiannually on 06/30 and 12/31. The journal entry that Rawl should make on 12/31/2019 with regard...
Redemption of Bonds Payable A $860,000 bond issue on which there is an unamortized premium of $66,000 is redeemed for $758,000 Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. eBook , Show Me How Calculator On the first day of its fiscal year, Chin Company issued $27,300,000 of five-year, 6% bonds to finance its operations of producing and selling home improvement products. Interest is payable semiannually. The bonds were issued...
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