Homework Answers
answer 1 ) operating activity 512975.
answer 2) 6542660
answer 3 ) 138134.
answer 4 ) 60000
Add Answer to:
Question 1 -- /2 On January 1, 2020, Rainbow Corporation acquired as long-term investment $600,000 of...
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for...
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for $560,975. This price provided a yield of 9% on the bonds. Interest is payable semiannually on June 30 and December 31. If Lang uses the effective-interest method, the amount of interest expense to record if financial statements are issued on December 31, 2020 should be: $50,544. (2) $49,448. * $48,685. 4 $48,000. Question 7 -- /2 Freedom Corporation buys and sells debt securities which...
60 points Rainbow Company issued 6% bonds, dated January 1, with a face amount of $800,000...
60 points Rainbow Company issued 6% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $661,665 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 8%. Interest is paid semiannually on June 30 and December 31. Assume Rainbow determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions 1. What is the amount related to the bonds...
Rainbow Company wed 6% bonds, dated January 1, with a face amount of $500,000 on January...
Rainbow Company wed 6% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds sold for 5661,665 and mature in 2035 (15 years) For bonds of similar risk and maturity the market yield was 8% Interest is paid semially on June 30 and December 31. Assume Rainbow determines interest at the effective rate Fiscal year ends on December 31 Answer the following questions 1. What is the mountated to the bonds that Rainbow will...
Please, could you help me? Digital Telephony issued 10% bonds, dated January 1, with a face amount of $46 million on January 1, 2018, The bonds mature in 2028 (10 years). For bonds of similar risk and...
Please, could you help me?
Digital Telephony issued 10% bonds, dated January 1, with a face amount of $46 million on January 1, 2018, The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Digital recorded the issue as follows: (EV of $1. PV of $1 FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate...
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million...
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million on July 1, 2021, at a price of $1,810 million. For bonds of similar risk and maturity, the market yleld is 10%. Interest is paid semi-annually on June 30 and December 31. Required: What would be the amount(s) related to the bonds that Agee would report In its statement of cash flows for the year ended December 31, 2021, If It uses the Indirect...
Most Solutions, Inc., issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2018. The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market...
Most Solutions, Inc., issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2018. The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market yield is 13%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows: January 1, 2018 Cash (price) Discount on bonds (difference) 708,236, 800 91,763,200 Bonds payable (face amount)...
The long-term liability section of Northwest Corporation's balance sheet as of December 31, 2020, included 4% bonds having a face amount of $500,000 and a remaining discount of $90,000
The long-term liability section of Northwest Corporation's balance sheet as of December 31, 2020, included 4% bonds having a face amount of $500,000 and a remaining discount of $90,000. Disclosure notes indicate the bonds were issued to yield 7%. Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2021, Northwest retired the bonds at 101 before their scheduled maturity. What is the amount of gain (loss)...
The long-term liability section of Northwest Corporation's balance sheet as of December 31, 2020, included 4%...
The long-term liability section of Northwest Corporation's balance sheet as of December 31, 2020, included 4% bonds having a face amount of $500,000 and a remaining discount of $90,000. Disclosure notes indicate the bonds were issued to yield 7%. Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2021, Northwest retired the bonds at 101 before their scheduled maturity. What is the amount of gain (loss)...
Question 1: Mills Corporation acquired as a long-term investment $240 million of 8% bonds, dated July...
Question 1: Mills Corporation acquired as a long-term investment $240 million of 8% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity. The market interest rate (yield) was 6% for bonds of similar risk and maturity. Mills paid $280.0 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the...
The long-term liabilities section of CPS Transportation's December 31, 2020. balance sheet included the following: (EV...
The long-term liabilities section of CPS Transportation's December 31, 2020. balance sheet included the following: (EV of $1. PV of si EVA of S1, PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) a. A lease liability with 15 remaining lease payments of $42.000 each, due annually on January 1: Lease liability Less: current portion $319,455 10,054 $389,401 The incremental borrowing rate at the inception of the lease was 11% and the...
Question 6 (-12) Lang Corporation issued $600,000 of 8%, 10-year bonds on January 1, 2020, for $560,975. This price provided a yield of 9% on the bonds. Interest is payable semiannually on June 30 and December 31. If Lang uses the effective-interest method, the amount of interest expense to record if financial statements are issued on December 31, 2020 should be: $50,544. (2) $49,448. * $48,685. 4 $48,000. Question 7 -- /2 Freedom Corporation buys and sells debt securities which...
60 points Rainbow Company issued 6% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $661,665 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 8%. Interest is paid semiannually on June 30 and December 31. Assume Rainbow determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions 1. What is the amount related to the bonds...
Rainbow Company wed 6% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds sold for 5661,665 and mature in 2035 (15 years) For bonds of similar risk and maturity the market yield was 8% Interest is paid semially on June 30 and December 31. Assume Rainbow determines interest at the effective rate Fiscal year ends on December 31 Answer the following questions 1. What is the mountated to the bonds that Rainbow will...
Please, could you help me?
Digital Telephony issued 10% bonds, dated January 1, with a face amount of $46 million on January 1, 2018, The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Digital recorded the issue as follows: (EV of $1. PV of $1 FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate...
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million on July 1, 2021, at a price of $1,810 million. For bonds of similar risk and maturity, the market yleld is 10%. Interest is paid semi-annually on June 30 and December 31. Required: What would be the amount(s) related to the bonds that Agee would report In its statement of cash flows for the year ended December 31, 2021, If It uses the Indirect...
Most Solutions, Inc., issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2018. The bonds mature in 2028 (10 years). For bonds of similar risk and maturity the market yield is 13%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows: January 1, 2018 Cash (price) Discount on bonds (difference) 708,236, 800 91,763,200 Bonds payable (face amount)...
The long-term liability section of Northwest Corporation's balance sheet as of December 31, 2020, included 4% bonds having a face amount of $500,000 and a remaining discount of $90,000. Disclosure notes indicate the bonds were issued to yield 7%. Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2021, Northwest retired the bonds at 101 before their scheduled maturity. What is the amount of gain (loss)...
The long-term liabilities section of CPS Transportation's December 31, 2020. balance sheet included the following: (EV of $1. PV of si EVA of S1, PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) a. A lease liability with 15 remaining lease payments of $42.000 each, due annually on January 1: Lease liability Less: current portion $319,455 10,054 $389,401 The incremental borrowing rate at the inception of the lease was 11% and the...
Most questions answered within 3 hours.
-
Asked if he has any regrets about the way he's handled the
coronavirus crisis so far,...
asked 6 minutes ago -
True or False?
Considering a door as a rigid body. Its angular motion happens
in a...
asked 9 minutes ago -
In
IUPAC naming, do we concider the prefix in alphabatizing?
In other words do we look...
asked 14 minutes ago -
If a trust has income required to be distributed of $11,500,
other amounts paid or required...
asked 31 minutes ago -
The degree of ionization of a weak acid
____________________.
Select all that are True.
a) varies...
asked 30 minutes ago -
Cereal for Breakfast. A cereal company claims
70% of Americans start the day with cereal for...
asked 31 minutes ago -
An elevator has a placard stating that the maximum capacity is
2400 lblong dash15 passengers. So,...
asked 34 minutes ago -
two charged proteins P1 and P2 are located at the positions
(1m,1m) and (-1m,1m) respectively on...
asked 45 minutes ago -
eBook
Calculator
Job Order Cost Sheet
Remnant Carpet Company sells and installs commercial carpeting
for office...
asked 50 minutes ago -
Using Kapustinskii equation, determine the lattice energy of a
hypothetical compound NaCl2 . Assume the sum...
asked 51 minutes ago -
Most schools and
businesses require some standard style of documentation for written
reports. Discuss why might...
asked 49 minutes ago -
cookbooks are going metric. in such books 1 cup is equal to 240
ml. Express 1...
asked 52 minutes ago