if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved...

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Calculator If $691,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct an

Assignment Main.do?invokerStake AssignmentSessionLocator Binprogressa false Calculator A corporation issues for cash $1,000,0

If $923,000 of 8% bonds are issued at 105, what is the amount of cash received from the sale? Select the correct answer. $895

Calculator Selling the bonds at a premium has the effect of causing the interest expense to be lower than the bond interest p

Calculator A corporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received

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If $1,001,000 of 6% bonds are issued at 102 1/2, what is the amount of cash received from the sale? Select the correct answer

GO The balance in Discount on Bonds Payable that is applicable to bonds due in three years would be reported on the balance s

The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to d

If the straight-line method of amortization of bond premium or discount is used, which of the following statements is true? A

if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved from the sale ?

business accounting

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Answer 1

Answer #1

1]	Cash received = 691000*94% =	$ 6,49,540
2]	The amount of unamortized discount….............balance at maturity.
3]	Cash received = 923000*105% =	$ 9,69,150
4]	Causing the interest expense to be lower than the bond interest paid.
5]	The present value of 60 semi annual interest payments of $360,000,
	plus present value of $900,000 to be repaid in 30 years.
6]	Cash	$ 10,60,000
	Premium on bonds payable		$ 60,000
	Bonds payable		$ 10,00,000
7]	Cash received = 1001000*102.5% =	$ 10,26,025
8]	Long term liabilities
9]	Debit cash, credit bonds payable
10]	Annual interest expense will remain the same ….................bond
	discount.
	QUESTION NUMBERS ARE GIVEN IN THE ORDER OF THE QUESTIONS.

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Answer 2

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if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved...

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if $691,000 of 8% bonds are issued at 94, what is the amount of cash recieved...

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