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35)_ 35) Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2018. The bonds have...
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year...
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 What is the stated annual rate of interest on the bonds? Multiple Choice o o
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10...
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10 year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds Effective Interest Decrease in Balance Payment Cash 400,000 400,000 400,000 400.000 344.632 342,971 341,261 55, 368 57,029 58,739 Outstanding Balance 11,487,747 11. 432.379 11,375, 350 11, 316, 611 What is the interest expense on the bonds in 2019 Multiple Choice $342.90 Oo oo $680759 $800.000
Cherry Corporation issued $10,000,000 bonds on January 1, 2018. The bonds have a 10-year term and...
Cherry Corporation issued $10,000,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment CashInterest Balance 400,000 344,632 400,000 342,971 400,000 341 400,000 Balance 11,487,747 11,432,379 11,375,350 11,316,611 55,368 57,029 58,739 ,261 a. What is the selling price of the bond issue? (1 point b. What is the annual stated interest rate on the bonds? (3 points) c. What is...
Which of the following is true concerning financial statement disclosure for debt instruments? a. The fair value of financial instruments must be disclosed either in the body of the financial statemen...
Which of the following is true concerning financial statement disclosure for debt instruments? a. The fair value of financial instruments must be disclosed either in the body of the financial statements or in disclosure notes b. Disclosures should include the aggregate amounts payable for each of the next five years for any long-term borrowing c. Both the issuer and the investor report interest as an operating activity on the statement of cash flows d. All of the above Chism Corporation...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment Cash Interest Balance Balance 8,640,967 1 300,000 345,639 45,639 8,686,606 2 300,000 347,464 47,464 8,734,070 3 300,000 349,363 49,363 8,783,433 4 300,000 What is the effective annual rate of interest on the bonds? 6%. 8%. 3%. 4%.
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Decrease in Interest Balance Cash 300,000 300,000 300,000 300,000 Outstanding Balance 8,640, 967 8,686,606 8,734,070 8,783,433 345,639 347,464 349, 363 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Multiple Choice 0 $8,783,433. 0 $8,686,606. 0 $8,834,770. 0 $8,734,070.
1 question 2 parts Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds...
1 question 2 parts
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Decrease in Balance Payment Cash 1 2 300,000 300,000 300,000 300,000 345,639 347, 464 349, 363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 45,639 47, 464 49, 363 What is the book value of the bonds as of December 31, 2022? $8,783,433 O $8,686,606....
What is the stated annual rate of interest on the bonds? What is the interest expense...
What is the stated annual rate of interest on
the bonds?
What is the interest expense on the bonds for
the year ended December 31, 2022?
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Interest Decrease in Balance Cash HM 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1,...
Chowan Corporation issued $154,000 of 7% bonds dated January 1, 2016, for $148,815.79 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In addition,...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1,...
Chowan Corporation issued $136,000 of 7% bonds dated January 1, 2016, for $131,421.73 on January 1, 2016. The bonds are due December 31, 2019, were issued to yield 8%, and pay interest semiannually on June 30 and December 31. Chowan uses the effective interest method of amortization. 1. Required: Prepare the journal entries to record the issue of the bonds on January 1, 2016, and the interest payments on June 30, 2016, December 31, 2016, and June 30, 2017. In...
Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Interest Balance Payment Cash Outstanding Balance 11,487,747 11,432,379 11,375,350 11,316,611 400,000 400,000 400,000 400,000 344,632 342,971 341,261 55,368 57,029 58,739 What is the stated annual rate of interest on the bonds? Multiple Choice o o
Prescott Corporation issued ten thousand $1,000 bonds on January 1 2018. The bonds have a 10 year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds Effective Interest Decrease in Balance Payment Cash 400,000 400,000 400,000 400.000 344.632 342,971 341,261 55, 368 57,029 58,739 Outstanding Balance 11,487,747 11. 432.379 11,375, 350 11, 316, 611 What is the interest expense on the bonds in 2019 Multiple Choice $342.90 Oo oo $680759 $800.000
Cherry Corporation issued $10,000,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment CashInterest Balance 400,000 344,632 400,000 342,971 400,000 341 400,000 Balance 11,487,747 11,432,379 11,375,350 11,316,611 55,368 57,029 58,739 ,261 a. What is the selling price of the bond issue? (1 point b. What is the annual stated interest rate on the bonds? (3 points) c. What is...
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Decrease in Outstanding Payment Cash Interest Balance Balance 8,640,967 1 300,000 345,639 45,639 8,686,606 2 300,000 347,464 47,464 8,734,070 3 300,000 349,363 49,363 8,783,433 4 300,000 What is the effective annual rate of interest on the bonds? 6%. 8%. 3%. 4%.
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Decrease in Interest Balance Cash 300,000 300,000 300,000 300,000 Outstanding Balance 8,640, 967 8,686,606 8,734,070 8,783,433 345,639 347,464 349, 363 45,639 47,464 49,363 What is the book value of the bonds as of December 31, 2022? Multiple Choice 0 $8,783,433. 0 $8,686,606. 0 $8,834,770. 0 $8,734,070.
1 question 2 parts
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Decrease in Balance Payment Cash 1 2 300,000 300,000 300,000 300,000 345,639 347, 464 349, 363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 45,639 47, 464 49, 363 What is the book value of the bonds as of December 31, 2022? $8,783,433 O $8,686,606....
What is the stated annual rate of interest on
the bonds?
What is the interest expense on the bonds for
the year ended December 31, 2022?
Discount-Mart issued ten thousand $1,000 bonds on January 1, 2021. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Interest Decrease in Balance Cash HM 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783,433
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