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On June 30, 2018 LN Bean sed 510 milion of its bonds for 9 on The...
Osbom's Help Save & Exit Submit On June 30, 2021, L. N. Bean issued $15 million...
Osbom's Help Save & Exit Submit On June 30, 2021, L. N. Bean issued $15 million of its 8% bonds for $14 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2021? Saved Help Save & EX Multiple Choice O $600,000 O $700,000 0 $750,000 o $620,000
On June 30, 2021, Moran Corporation issued $8.5 million of its 10% bonds for $7.7 million....
On June 30, 2021, Moran Corporation issued $8.5 million of its 10% bonds for $7.7 million. The bonds were priced to yield 12%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2021? Multiple Choice $37,000. $43,500. oooo $35,500. $26,000.
Help Save & Sub On June 30, 2021, Moran Corporation issued $13.5 million of its 8%...
Help Save & Sub On June 30, 2021, Moran Corporation issued $13.5 million of its 8% bonds for $12.2 million. The bonds were priced to yield 10%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2017 Help Sav Multiple Choice $76,500. $68,500. оо O s70,ооо. O ээрoo.
On January 1, 2021, Legion Company sold $230,000 of 6% ten-year bonds. Interest is payable semiannually...
On January 1, 2021, Legion Company sold $230,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $150,858, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $6,900. $13,800. $9,051. $27,600.
On January 1, 2021, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually...
On January 1, 2021, Legion Company sold $270,000 of 4% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $169,056, priced to yield 10%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2021, in the amount of: (Round your answer to the nearest dollar amount.) Multiple Choice $8,453. $21,600. $5,400. $13,500.
on june 30,2018 hardy corporation issued $12.0 million of its 8% bonds for $10.8 million. The...
on june 30,2018 hardy corporation issued $12.0 million of its 8% bonds for $10.8 million. The bonds were priced to yield 10%. the bonds are dated june 30,2018. interest is payable semiannually on december 31st an july 1. if the effective interest method is used, by how much should the bond discount be reduced for six month For the six months ended december 31,2018.
1 question 2 parts Scottie Adams Bird Supplies issued 9% bonds, dated January 1, with a...
1 question 2 parts
Scottie Adams Bird Supplies issued 9% bonds, dated January 1, with a face amount of $220,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 8%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: * PV of annuity due of $1: n =...
On June 30, 2018, Singleton Computers issued 8% stated rate bonds with a face amount of...
On June 30, 2018, Singleton Computers issued 8% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2033 (15 years). The market rate of interest for similar bond issues was 7% (3.5% semiannual rate). Interest is paid semiannually (4.0%) on June 30 and December 31, beginning on December 31, 2018. 1. Determine the price of the bonds on June 30, 2018. 2. Calculate the interest expense Singleton reports in 2018 for these bonds...
help please The Gorman Group issued $910,000 of 13% bonds on June 30, 2018, for $978.459....
help please
The Gorman Group issued $910,000 of 13% bonds on June 30, 2018, for $978.459. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30. points Skipped Required: Complete the below table to record the company's journal entry. 1. to 3. Prepare the journal entry to record their issuance by The Gorman...
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...
Osbom's Help Save & Exit Submit On June 30, 2021, L. N. Bean issued $15 million of its 8% bonds for $14 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2021? Saved Help Save & EX Multiple Choice O $600,000 O $700,000 0 $750,000 o $620,000
On June 30, 2021, Moran Corporation issued $8.5 million of its 10% bonds for $7.7 million. The bonds were priced to yield 12%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2021? Multiple Choice $37,000. $43,500. oooo $35,500. $26,000.
Help Save & Sub On June 30, 2021, Moran Corporation issued $13.5 million of its 8% bonds for $12.2 million. The bonds were priced to yield 10%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2017 Help Sav Multiple Choice $76,500. $68,500. оо O s70,ооо. O ээрoo.
1 question 2 parts
Scottie Adams Bird Supplies issued 9% bonds, dated January 1, with a face amount of $220,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 8%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: * PV of annuity due of $1: n =...
help please
The Gorman Group issued $910,000 of 13% bonds on June 30, 2018, for $978.459. The bonds were dated on June 30 and mature on June 30, 2038 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually on December 31 and June 30. points Skipped Required: Complete the below table to record the company's journal entry. 1. to 3. Prepare the journal entry to record their issuance by The Gorman...
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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