Lopez plastics co. (LPC) issued callable bonds on January 1, 2018. LPC’s accountant has projected the...
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Lopez plastics co. (LPC) issued callable bonds on January 1,
2018. LPC’s accountant has projected the...
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...
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...
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the...
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 Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Interest Increase in Carrying Carrying Cash Paid Expense Value Value $194,758 $7,000 $7,790 $790 195,548 7,000 7,822 822 196, 370 7,000 855 197,225 7,000 7,889 198, 114 7,000 7,925 199,039 7,000 7,961 200,000 7,855 THA issued the bonds for Multiple Choice $200,000 ОО $194,758 a $242.000
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)...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for S 177,000, priced to yield 12% Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: A) $10,000. B) $10,620. C) $12,000. D) $8,850. Problems 24-26 are a part of a multi-step problem using the following...
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...
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...
National Orthopedics Co issued 8% bonds, cated January 1, with a face amount of $650,000 on...
National Orthopedics Co issued 8% bonds, cated January 1, with a face amount of $650,000 on January 1 2018. The bonds mature on December 31, 2021(4 years). For bonds of similars and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31(FV of S1 PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $ (Use appropriate factors) from the tables provided.) Required: 1. Determine the price of the...
CHAPTER 14 (6.) National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount...
CHAPTER 14 (6.) National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $750,000 on January 1, 2018. The bonds mature on December 31, 2021 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required:...
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 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...
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...
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 Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 Interest Increase in Carrying Carrying Cash Paid Expense Value Value $194,758 $7,000 $7,790 $790 195,548 7,000 7,822 822 196, 370 7,000 855 197,225 7,000 7,889 198, 114 7,000 7,925 199,039 7,000 7,961 200,000 7,855 THA issued the bonds for Multiple Choice $200,000 ОО $194,758 a $242.000
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)...
23. On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31 . The bonds were sold for S 177,000, priced to yield 12% Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of: A) $10,000. B) $10,620. C) $12,000. D) $8,850. Problems 24-26 are a part of a multi-step problem using the following...
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...
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...
National Orthopedics Co issued 8% bonds, cated January 1, with a face amount of $650,000 on January 1 2018. The bonds mature on December 31, 2021(4 years). For bonds of similars and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31(FV of S1 PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $ (Use appropriate factors) from the tables provided.) Required: 1. Determine the price of the...
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