Homework Answers
The carrying value of bonds at maturity always equals:
e) the par value of the bond
Whether organization issue bonds at discount or premium the carrying value of bonds at maturity always equals the par value of the bond.
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e carrying value of bonds at maturity always equals. Multiple Choice O the amount in excess...
21) The carrying value of bonds at maturity always equals: A) the par value of the...
21) The carrying value of bonds at maturity always equals: A) the par value of the bond. B) the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium. C) the amount of cash originally received in exchange for the bonds. D) the amount of discount or premium E) S0 22) Charger Company's most recent balance sheet reports total assets of $29,133,000, total liabilities of $16,683,000 and total equity of $12,450,000. The...
Un November 1, 2017, Norwood X D A bond is sold at face amount X QACL...
Un November 1, 2017, Norwood X D A bond is sold at face amount X QACL O newconnect.mheducation.com/flow/connect.html pter 10. Examination At maturity, the book value of bonds always equals: 11 Multiple Choice 0 the amount of cash ongmally received in exchange for the bonds plus any namored discount or less any premium 0 O the amount of cash orginal receved in exchange for the bonds 0 the per value of the bond. 0 the amount of a court or...
Help Save & Exit An amortization schedule for a bond issued at a premium: Multiple Choice...
Help Save & Exit An amortization schedule for a bond issued at a premium: Multiple Choice Has a carrying value that increases over time o Is contained in the balance sheet o () is a schedule that reflects the changes in the carry e bond over its term to maturity ) All of the other answer choices are correct Prev 5 of 30 !! Next > Help Save Which of the following statements is correct? Multiple Choice O Bonds are...
n stock is issued for an amount greater than par value 8. should be credited to...
n stock is issued for an amount greater than par value 8. should be credited to a. Retained Earnings b. Cash c. Legal Capital d. Paid-in Capital in Excess of Par e. Unrealized Holding Gains and Losses-Equity to record the amortization of a premium on bonds payable is a. Premium on Bonds Payable b. Interest Expense c. Interest Expense d. Bonds Payable e. Premium on Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Interest Payable Acorp ration...
On January 1, a company issues bonds dated January 1 with a par value of $210,000....
On January 1, a company issues bonds dated January 1 with a par value of $210,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $218,105. The journal entry to record the issuance of the bond is: Multiple Choice O Debit Cash $218,105; credit Premium on Bonds Payable $8,105, credit Bonds Pable $210,000 Debit Cash $218,105,...
On January 1, a company issues bonds dated January 1 with a par value of $220,000....
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the issuance of the bond is: Multiple Choice C Debit Cash $228,930; credit Bonds Payable $228,930 Debit Cash $228,930; credit Premium on Bonds Payable $8,930...
14 Ch. 9 8 10 90 min.) Help Save & Ex Submit On January 1, a...
14 Ch. 9 8 10 90 min.) Help Save & Ex Submit On January 1, a company issued and sold a $391,000,7%, 10 year bond payable and received proceeds of $386.000. Interesi payable each Jurve 30 and December 31. The company uses the straight line method to amortize the discount. The journal entry to record the first interest payment is Multiple Choice Debit Bond Interest Expense $13,685 Credit Cash $13.685 Debit Dond Interest Expense 5130 Credit Cash $13689 Credit Discount...
Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1,...
Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $400,000. The bonds' annual contract rate is 13%, and interestis paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuances 12% and the bonds are sold for $409.850. 1. What the amount of the premium on these bonds at ssuance? 2. How much total bond...
On January 1, a company issues bonds dated January 1 with a par value of $220,000....
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9% and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the first interest payment using the effective interest method of amortization is (Rounded to the nearest dollar.) Multiple Choice Debt Bond Interest Expense 39157, de...
Which of the following statements is correct? Multiple Choice There are almost always small differences between...
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
21) The carrying value of bonds at maturity always equals: A) the par value of the bond. B) the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium. C) the amount of cash originally received in exchange for the bonds. D) the amount of discount or premium E) S0 22) Charger Company's most recent balance sheet reports total assets of $29,133,000, total liabilities of $16,683,000 and total equity of $12,450,000. The...
Un November 1, 2017, Norwood X D A bond is sold at face amount X QACL O newconnect.mheducation.com/flow/connect.html pter 10. Examination At maturity, the book value of bonds always equals: 11 Multiple Choice 0 the amount of cash ongmally received in exchange for the bonds plus any namored discount or less any premium 0 O the amount of cash orginal receved in exchange for the bonds 0 the per value of the bond. 0 the amount of a court or...
Help Save & Exit An amortization schedule for a bond issued at a premium: Multiple Choice Has a carrying value that increases over time o Is contained in the balance sheet o () is a schedule that reflects the changes in the carry e bond over its term to maturity ) All of the other answer choices are correct Prev 5 of 30 !! Next > Help Save Which of the following statements is correct? Multiple Choice O Bonds are...
n stock is issued for an amount greater than par value 8. should be credited to a. Retained Earnings b. Cash c. Legal Capital d. Paid-in Capital in Excess of Par e. Unrealized Holding Gains and Losses-Equity to record the amortization of a premium on bonds payable is a. Premium on Bonds Payable b. Interest Expense c. Interest Expense d. Bonds Payable e. Premium on Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Interest Payable Acorp ration...
On January 1, a company issues bonds dated January 1 with a par value of $210,000. The bonds mature in 5 years. The contract rate is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bonds are sold for $218,105. The journal entry to record the issuance of the bond is: Multiple Choice O Debit Cash $218,105; credit Premium on Bonds Payable $8,105, credit Bonds Pable $210,000 Debit Cash $218,105,...
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the issuance of the bond is: Multiple Choice C Debit Cash $228,930; credit Bonds Payable $228,930 Debit Cash $228,930; credit Premium on Bonds Payable $8,930...
14 Ch. 9 8 10 90 min.) Help Save & Ex Submit On January 1, a company issued and sold a $391,000,7%, 10 year bond payable and received proceeds of $386.000. Interesi payable each Jurve 30 and December 31. The company uses the straight line method to amortize the discount. The journal entry to record the first interest payment is Multiple Choice Debit Bond Interest Expense $13,685 Credit Cash $13.685 Debit Dond Interest Expense 5130 Credit Cash $13689 Credit Discount...
Exercise 10-9 Straight-Line: Amortization of bond premium LO P3 Quatro Co. Issues bonds dated January 1, 2019, with a par value of $400,000. The bonds' annual contract rate is 13%, and interestis paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuances 12% and the bonds are sold for $409.850. 1. What the amount of the premium on these bonds at ssuance? 2. How much total bond...
On January 1, a company issues bonds dated January 1 with a par value of $220,000. The bonds mature in 5 years. The contract rate is 9% and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $228,930. The journal entry to record the first interest payment using the effective interest method of amortization is (Rounded to the nearest dollar.) Multiple Choice Debt Bond Interest Expense 39157, de...
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
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