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On January 1, 2021, Beaver, Inc., issued 10%...
On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount...
On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount of $162 million. The bonds were priced at $141.8 million (plus accrued interest) to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour’s fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September...
On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount...
On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount of $165 million. The bonds were priced at $143.6 million (plus accrued interest) to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September...
On January 1, 2018. Baddour, Inc., issued 10% bonds with a face amount of $160 million....
On January 1, 2018. Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2018? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September...
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!! Crystal Company issued 8% bonds, dated January 1, with...
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!!
Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the...
please show all work 60 points Crystal Company issued 8% bonds, dated January 1, with a...
please show all work
60 points Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar riskan maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January 1, 2021. The bonds sold for $846,278 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Assume Miller 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 that Miller...
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...
Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $520 million...
Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $520 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. 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, 2021 Cash (price) Discount on bonds (difference) Bonds payable (face amount) 464,911,512 55,088,488 520,000,000...
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of...
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $370 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $314,955,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2022? On June...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000,...
When Patey Pontoons issued 10% bonds on January 1, 2021, with a face amount of $640,000, the market yield for bonds of similar risk and maturity was 11%. The bonds mature on December 31, 2024 (4 years). Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the...
On March 1, 2021, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount of $165 million. The bonds were priced at $143.6 million (plus accrued interest) to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. to 3. What would be the amount(s) related to the bonds Baddour would report in its balance sheet, income statement and statement of cash flows for the year ended September...
On January 1, 2018. Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds were priced at $140 million to yield 12%. Interest is paid semiannually on June 30 and December 31. Baddour's fiscal year ends September 30. Required: 1. What amount(s) related to the bonds would Baddour report in its balance sheet at September 30, 2018? 2. What amount(s) related to the bonds would Baddour report in its income statement for the year ended September...
NEED ASAP 10 MINS PLEASE SHOW CALCULATIONS!!!!!
Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the...
please show all work
60 points Crystal Company issued 8% bonds, dated January 1, with a face amount of $600,000 on January 1, 2021. The bonds sold for $551,133 and mature in 2035 (15 years). For bonds of similar riskan maturity the market yield was 9%. Interest is paid semiannually on June 30 and December 31. Assume Crystal determines interest at the effective rate. Fiscal year ends on December 31. Answer the following questions: 1. What is the amount related...
Miller Company issued 8% bonds, dated January 1, with a face amount of $1,000,000 on January 1, 2021. The bonds sold for $846,278 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. Assume Miller 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 that Miller...
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...
Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $520 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. 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, 2021 Cash (price) Discount on bonds (difference) Bonds payable (face amount) 464,911,512 55,088,488 520,000,000...
Auerbach Inc. issued 4% bonds on October 1, 2021. The bonds have a maturity date of September 30, 2031 and a face value of $370 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $314,955,000, what would the company report for its net bond liability balance after its first interest payment on March 31, 2022? On June...
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