Question

Tony Hawks Adventure (THA) issued callable bonds on January 1, 2021. THAs accountant has projected the following amortizati
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Correct Answer:

Option : $ 194,758

Explanation:

The bond is issued at discount. Its face par value is $ 200,000, but as it is shown in the table as on 01/01/2021 the carrying value of the bond is $194,758.

End of answer.

Please give a thumbs-up, it will be highly appreciated.

Thanks.

Add a comment
Know the answer?
Add Answer to:
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 35) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the fo...

    35) Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Value Interest Date Cash Paid Value Expense 01/01/2021 S 194,7518 195,548 06/30/2021S 7,000 S 7,790 7,822 7,855 7,889 7,925 7,961 S 790 822 855 889 12/31/2021 7,000 7,000 7,000 7,000 7,000 196,370 197,225 198,114 06/30/2022 12/31/2022 925 06/30/2023 199,039 200,000 12/31/2023 961 THA issued the bonds for: A) S194,758 B) $242,000 C)...

  • apters 7-9 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has...

    apters 7-9 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in Carrying Value $ Date Cash Paid 01/01/2021 86/30/2021 $7,698 12/31/2021 7,899 06/30/2022 7,898 12/31/20227,000 06/30/2023 7,000 12/31/28237 ,808 7,790 7,822 7,855 7.889 7,925 7,961 $790 822 855 889 925 961 Carrying Value $ 194,758 195.548 196,370 197,225 198,114 199,039 200,000 THA issued the bonds for: Multiple Choice $200.000 loooo $194758 $242.000...

  • Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2018. THA's accountant has projected the...

    Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2018. THA's accountant has projected the following amortization schedule from issuance until maturity: Cash Paid Carrying Value Increase in Interest Date Expense Carrying Value $194,758 1/1/2018 $790 $7,000 $7,790 195,548 6/30/2018 7,000 12/31/2018 7,822 196,370 822 7,000 7,855 197,225 6/30/2019 855 7,889 889 12/31/2019 7,000 198,114 7,000 7,000 7,925 199,039 6/30/2020 925 200,000 12/31/2020 7,961 961 The THA bonds have a life of: 6 years. Cannot be determined from the...

  • DUH WU Disc X2QCQC G Dis 10 Tony Hawk's Adventure (THA) issued calable bonds on January...

    DUH WU Disc X2QCQC G Dis 10 Tony Hawk's Adventure (THA) issued calable bonds on January 1, 202L THA's accountant has projected the following amortization schedule from iss maturity: Cash Paid Interest Expense Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $24,665 $22,200 22,200 22,200 22,200 22,200 22,200 24,838 25,023 25, 220 25,432 25,658 $2,465 2,638 2,823 3,020 3,232 3,458 Carrying Value $352,364 354,829 357,467 360,290 363,310 366,542 370,000 THA issued the bonds for THA issued...

  • Tony Hawk's Ad d bonds on my 2007 H an harte the formation schedule omincerty Interest...

    Tony Hawk's Ad d bonds on my 2007 H an harte the formation schedule omincerty Interest increase Expense Cash Paid 01/01/2021 06/30/2021 $7,000 12/31/2021 7,000 06/30/2022 7,000 12/31/20227,000 06/10/2023 7.000 12/31/2023 7.000 $, 0 7.822 7.955 7,899 $154,758 195,568 190 197,225 7,961 THAbbate 6000 on 12312021 and the W or w oudercado de O Noor $50 < Prey 230 Next >

  • please answer 341 and 345 hed ferig A) the Direct Methid B) the Indirect Methood 342) ABC issued callable bonds on January 1, 2018. ABC's accountant has projected the following amortization sc...

    please answer 341 and 345 hed ferig A) the Direct Methid B) the Indirect Methood 342) ABC issued callable bonds on January 1, 2018. ABC's accountant has projected the following amortization schedule from issuance until maturity: Cash Paid Increase in Carrying Value Interest Date ExpenseCarrying Value $194,758 1/1/2018 6/30/2018 $790 195,548 $7,000 $7,790 196,370nen 12/31/2018 7,000 7,822 822 6/30/2019 7,000 7,855 855 197,225 198114w in 12/31/2019 7,000 889 7.889 6/30/2020 925 7,000 7,925 199,039 12/31/2020 7,000 961 7,961 200,000 ABC...

  • Days in the Operating Cycle equals: Days in Inventory - Days in Receivables + Days in...

    Days in the Operating Cycle equals: Days in Inventory - Days in Receivables + Days in Payables Days in Inventory + Days in Receivables – Days in Payables Days in Inventory + Days in Receivables + Days in Payables Days in Inventory - Days in Receivables – Days in Payables The ending Retained Earnings balance of ABC increased by $1.5 million from the beginning of the year. The company's net income earned during the year is $3.5 million. What is...

  • Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the...

    Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash interest Effective interest Decrease in balance $789 00 837 Date 1/1/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 $7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 $6,211 6,187 6,163 6,137 6,112 6,085 6,057 6,029 Outstanding balance $207,020 206,230 205,417 204,580 203,717 202,829 201, 913 200,971 200,000 863 888 915 943 971 What is the annual...

  • Question 30 (1 point) Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's...

    Question 30 (1 point) Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Effective Decrease in Outstanding Date interest interest balance balance 1/1/2021 $ 207,020 6/30/2021 $7,000 $ 6,211 $ 789 206,230 12/31/2021 7,000 6,187 813 205,417 6/30/2022 7,000 6,163 837 204,580 12/31/2022 7,000 6,137 863 203,717 6/30/2023 7,000 6,112 888 202,829 12/31/2023 7,000 6,085 915 201,913 6/30/2024 7,000 6,057 943 200,971 12/31/2024 7,000 6,029...

  • Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return...

    Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return Market Rate of Return Bond 1 7% 5% Bond 2 8% 8% Bond 3 12% 14% Bond 4 9% 11% Bond 3. Bond 4. Bonds 3 and 4 Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity Interest Expense Increase in value Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT