Homework Answers
Reacquisition price of the bond = Amount paid on extinguishment + call premium + reacquisition expenses
Reacquisition price of the bond on 1/1/20X6 = $1,000 * 101% = $1,010
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6% PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 1/11/20X2 12/31/20X6 Years to maturity 101% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% USE STRAIGHT LINE AMORTIZATION FOR THE GAIN OR...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 7,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 1/120X2 12/31/20X6Years to maturity 707% 1/1/X6 January 1st July 1st Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% USE STRAIGHT LINE AMORTIZATION FOR THE GAIN OR LOSS CALCULATIONS....
answer what you can thanks 6% PROBLEM #1: Bonds payable FACTS: Number of bonds Par value...
answer what you can thanks
6% PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 17120X2 12/31/20X6Years to maturity 107% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20x6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% 4 USE STRAIGHT...
Problem #1: Bonds 6% FACTS: Number of bonds Par value of each bond Stated interest rate...
Problem #1: Bonds 6% FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 500 Effective interest rate 1,800 Interest Paid Per Year 4% Payment dates 1/1/20X2 12/31/20X6 Years to maturity 102% 1/1/X6 January 1st July 1st 1.) The value (not par value) of the bond at issue date is what? 2.) At each interest payment date cash is increased (just type the amount) or decreased (type in using a...
USE PROBLEM #1 TO ANSWER QUESTIONS 1 THRU 7 BELOW PROBLEM #1: Bonds payable FACTS: Number...
USE PROBLEM #1 TO ANSWER QUESTIONS 1 THRU 7 BELOW PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 171120X2 12/31/20X6Years to maturity 707% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6...
PROBLEM #1 FACTS: Number of bonds Par value of each bond Stated interest rate Issue date...
PROBLEM #1 FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,500 Effective interest rate 500 Interest Paid Per Year 4% Payment dates 17120X2 12/31/20X6 Years to maturity 101% 1/1/X6 5% 2 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue Unamortized Discount 1/1/20X6 After this payment is made 101% 4 7,228 USE PROBLEM #1 TO ANSWER QUESTIONS 1 THRU 7 BELOW 1.)...
Number of bonds issued 500 Par value per bond $1,800 Stated interest rate 4% Market/Effective interest...
Number of bonds issued 500 Par value per bond $1,800 Stated interest rate 4% Market/Effective interest rate 6% Issue date 1/1/X2 Due date (five year bonds) 12/31/X6 Interest is paid semi annually on: January 1st AND on July 1st Bonds are called on 1/1/X6 Bonds are called at 102% a. At the date of call the journal entry required to extinguish the debt early has what impact on net income? Input the numeric amount. If it increase net income just...
Number of bonds issued 500 Par value per bond $1,800 Stated interest rate 4% Market/Effecti...
Number of bonds issued 500 Par value per bond $1,800 Stated interest rate 4% Market/Effective interest rate 6% Issue date 1/1/X2 Due date (five year bonds) 12/31/X6 Interest is paid semi annually on: January 1st AND on July 1st Bonds are called on 1/1/X6 Bonds are called at 102% a. At the date of call the journal entry required to extinguish the debt early has what impact on net income? Input the numeric amount. If it increase net income just...
_2. Bonds with par value of $500,000 carrying a stated interest rate of 6% payable semiannually...
_2. Bonds with par value of $500,000 carrying a stated interest rate of 6% payable semiannually on March 1 and September 1 were issued on July 1. The proceeds from the issue amounted to $510,000. The best explanation for the excess received over par value is: a. the bonds were sold at a premium. b. the bonds were sold at a higher effective interest rate. c. the bonds were issued at par plus accrued interest d. no explanation is possible...
transportation company reports under ASPE. it sold $1 500 000 of six years, 6% bonds on...
transportation company reports under ASPE. it sold $1 500 000 of six years, 6% bonds on august 1 20X2. additional information on the bond issue is as follows: bond date: february 1 20X2 maturity date: january 31, 20X2 yield rate: 4% interest payment dates: july 31 and january 31 bond discount/premium amortization: straight-line method brokerage fees paid from proceeds: $10 000 in bond issue cost bond measurement: amortized cost method required: 1) compute the amount the bonds would have sold...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 1/11/20X2 12/31/20X6 Years to maturity 101% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% USE STRAIGHT LINE AMORTIZATION FOR THE GAIN OR...
PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 7,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 1/120X2 12/31/20X6Years to maturity 707% 1/1/X6 January 1st July 1st Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% USE STRAIGHT LINE AMORTIZATION FOR THE GAIN OR LOSS CALCULATIONS....
answer what you can thanks
6% PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 17120X2 12/31/20X6Years to maturity 107% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20x6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% 4 USE STRAIGHT...
Problem #1: Bonds 6% FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 500 Effective interest rate 1,800 Interest Paid Per Year 4% Payment dates 1/1/20X2 12/31/20X6 Years to maturity 102% 1/1/X6 January 1st July 1st 1.) The value (not par value) of the bond at issue date is what? 2.) At each interest payment date cash is increased (just type the amount) or decreased (type in using a...
USE PROBLEM #1 TO ANSWER QUESTIONS 1 THRU 7 BELOW PROBLEM #1: Bonds payable FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,000 Effective interest rate 1,000 Interest Paid Per Year 4% Payment dates 171120X2 12/31/20X6Years to maturity 707% 1/1/X6 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue 1/1/20X6 101% Additional Facts: Bonds called on Called at Years after issue 1/1/20X6...
PROBLEM #1 FACTS: Number of bonds Par value of each bond Stated interest rate Issue date Due date Call % Called on 1,500 Effective interest rate 500 Interest Paid Per Year 4% Payment dates 17120X2 12/31/20X6 Years to maturity 101% 1/1/X6 5% 2 January 1st July 1st 5 Additional Facts: Bonds called on Called at Years after issue Unamortized Discount 1/1/20X6 After this payment is made 101% 4 7,228 USE PROBLEM #1 TO ANSWER QUESTIONS 1 THRU 7 BELOW 1.)...
_2. Bonds with par value of $500,000 carrying a stated interest rate of 6% payable semiannually on March 1 and September 1 were issued on July 1. The proceeds from the issue amounted to $510,000. The best explanation for the excess received over par value is: a. the bonds were sold at a premium. b. the bonds were sold at a higher effective interest rate. c. the bonds were issued at par plus accrued interest d. no explanation is possible...
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