Homework Answers
Correct option is: c. The carrying amount decreases from its amount at issuance date to $1,000,000 at maturity
At the time of maturity the principal amount needs to repaid so there is decrease of amount equal to amount issued
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fooniatement is true The out of a n est paid to beholders increase over the year...
true or false: coupons on US bonds are usually paid out once a year.
true or false: coupons on US bonds are usually paid out once a year.
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...
QUESTION 1 Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a...
QUESTION 1 Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation redeems t bonds at 97.5, what is the amount of gain or loss on redemption? a $25,000 loss b. $ 10,000 loss .$25,000 gain Od.$15,000 gain QUESTION 2 Basil Corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when the miarket rate ofinterest is 7% The straight-line method is adopted for...
Use the following to answer questions 11 - 15 Al issues 7.9%, 20-year bonds with a...
Use the following to answer questions 11 - 15 Al issues 7.9%, 20-year bonds with a face amount of $2,500,000 for $2,512,411. The market interest rate for bonds of similar risk and maturity is 7.85%. Interest is paid annually. N - 3.0 P - IN = 7.85 11. $. FV-2,500,000 Determine the interest payment. N = 2,512,411 (rounded to nearest dollar). Determine interest expense for the first interest payment. 12. $ 13. What will happen to interest expense each interest...
r o om On January 1, 5950.000, five year, 10 bonds were sund for $921,500. Interest is paid s the straight line meth...
r o om On January 1, 5950.000, five year, 10 bonds were sund for $921,500. Interest is paid s the straight line method to mortire the discount on bonds payable the w h aly on January adduy 1 if the n mortis o 52,850 b. 2.500 C. 55,700 d. 547,500
Caus duapuve change. -n 14 answered ut of 2.00 A mouse breeder goes out of business...
Caus duapuve change. -n 14 answered ut of 2.00 A mouse breeder goes out of business and releases 100 true-breeding white mice and 400 true-breeding black mice. (A cross between two true breeding parents always produces offspring with the parental phenotype). The color is determined by a single gene with the Black allele (B) being completely dominant over the white allele (b). Assuming that these mice establish a new population and that all the conditions of the Hardy-Weinberg principle are...
The following transactions occurred during a recent year: a. Paid wages of $900 for the current...
The following transactions occurred during a recent year: a. Paid wages of $900 for the current period (example). b. Borrowed $4,500 cash from local bank using a short-term note. c. Purchased $1,800 of equipment on credit. d. Earned $360 of sales revenue; collected cash. e. Received $720 of utilities services, on credit. f. Earned $1,530 of service revenue, on credit. g. Paid $270 cash on account to a supplier. h. Incurred $65 of travel expenses; paid cash. 1. Earned $360...
if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved...
if
$691,000 of 8% bonds are issued at 94, what is the amount of cash
recieved from the sale ?
Calculator If $691,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. $635,720 $649,540 $746,280 $691,000 Assignment Main.do?invokerStake AssignmentSessionLocator Binprogressa false Calculator A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 12%. The straight-line...
a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b....
a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b. Purchased machinery and equipment for cash. Assets Liabilities Stockholders' equity c. Received cash from issuing stock. < Assets Liabilities Stockholders' equity d. Received cash from the issuance of long-term debt. Assets Liabilities Stockholders' equity e. Made cash sales. Assets Liabilities Stockholders' equity nts eBook Calculator f. Paid selling expenses. Assets Liabilities Stockholders' equity g. Pald employee pension expenses for the current year. Assets Liabilities...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
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...
QUESTION 1 Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation redeems t bonds at 97.5, what is the amount of gain or loss on redemption? a $25,000 loss b. $ 10,000 loss .$25,000 gain Od.$15,000 gain QUESTION 2 Basil Corporation issues for cash $1,000,000 of 8%, 10-year bonds, interest payable annually, at a time when the miarket rate ofinterest is 7% The straight-line method is adopted for...
Use the following to answer questions 11 - 15 Al issues 7.9%, 20-year bonds with a face amount of $2,500,000 for $2,512,411. The market interest rate for bonds of similar risk and maturity is 7.85%. Interest is paid annually. N - 3.0 P - IN = 7.85 11. $. FV-2,500,000 Determine the interest payment. N = 2,512,411 (rounded to nearest dollar). Determine interest expense for the first interest payment. 12. $ 13. What will happen to interest expense each interest...
r o om On January 1, 5950.000, five year, 10 bonds were sund for $921,500. Interest is paid s the straight line method to mortire the discount on bonds payable the w h aly on January adduy 1 if the n mortis o 52,850 b. 2.500 C. 55,700 d. 547,500
Caus duapuve change. -n 14 answered ut of 2.00 A mouse breeder goes out of business and releases 100 true-breeding white mice and 400 true-breeding black mice. (A cross between two true breeding parents always produces offspring with the parental phenotype). The color is determined by a single gene with the Black allele (B) being completely dominant over the white allele (b). Assuming that these mice establish a new population and that all the conditions of the Hardy-Weinberg principle are...
The following transactions occurred during a recent year: a. Paid wages of $900 for the current period (example). b. Borrowed $4,500 cash from local bank using a short-term note. c. Purchased $1,800 of equipment on credit. d. Earned $360 of sales revenue; collected cash. e. Received $720 of utilities services, on credit. f. Earned $1,530 of service revenue, on credit. g. Paid $270 cash on account to a supplier. h. Incurred $65 of travel expenses; paid cash. 1. Earned $360...
if
$691,000 of 8% bonds are issued at 94, what is the amount of cash
recieved from the sale ?
Calculator If $691,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. $635,720 $649,540 $746,280 $691,000 Assignment Main.do?invokerStake AssignmentSessionLocator Binprogressa false Calculator A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time when the market rate of interest is 12%. The straight-line...
a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b. Purchased machinery and equipment for cash. Assets Liabilities Stockholders' equity c. Received cash from issuing stock. < Assets Liabilities Stockholders' equity d. Received cash from the issuance of long-term debt. Assets Liabilities Stockholders' equity e. Made cash sales. Assets Liabilities Stockholders' equity nts eBook Calculator f. Paid selling expenses. Assets Liabilities Stockholders' equity g. Pald employee pension expenses for the current year. Assets Liabilities...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
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