Homework Answers
premium of $799.
bond value = balance at end of year 4.=>44,799
issue value = balance on year 1 =>44,000.
since initial balance is higher, the bonds are issued at premium:
amount of premium = 44,799 -44,000
=>799.
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Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $1,792 Date January 1, Year...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $1,792 Date January 1, Year 1...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 (The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Canh Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L010-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L010-5 The following information applies to the questions displayed below,. On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Amortization Cash Interest Balance January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $ 1,792 Date January 1,...
E10-10 LO10-4 Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amoun...
E10-10 LO10-4 Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amounts On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective interest amortization method. Required: 1. Complete a bond...
E10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining...
E10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amounts LO10-4 On January 1 of this year, Ikuta Company issued a bond with a face value of $190,000 and a coupon rate of 5 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective-interest amortization method. (FV of $1, PV of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $1,792 Date January 1, Year...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $1,792 Date January 1, Year 1...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 (The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Canh Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L010-5 The following information applies to the questions displayed below,. On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Amortization Cash Interest Balance January 1, Year 1 End of...
Required information P10-10 Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO10-5 The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization $ 1,980 $ 1,792 Date January 1,...
E10-10 LO10-4 Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amounts On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective interest amortization method. Required: 1. Complete a bond...
E10-10 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Discount and Determining Reported Amounts LO10-4 On January 1 of this year, Ikuta Company issued a bond with a face value of $190,000 and a coupon rate of 5 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective-interest amortization method. (FV of $1, PV of...
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