Homework Answers
ANSWER- USING IFRS, THE FOLLOWING INFORMATION OF LONG-TERM DEBT ARE TO BE DISCLOSED IN FINANCIAL STATEMENT BECAUSE IFRS STATES THAT FINANCIAL STATEMENT IS A CLEAR VIEW WHICH SHOWS SUFFICIENT KNOWLEDGE OF EACH AND EVRY ITEM.
C) THE AMOUNTS OUTSTANDING , THE TYPE OF BORROWING, THE INTEREST RATE, THE PAYMENT TERMS AND THE FINANCIAL MATURITY DATE ARE THE INFORMATION WHICH DISCLOSES THE FULL KNOWLEDGE REQUIRED FOR THE FURTHER TREATMENT.
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Question 19 1 pts If a company has several long-term debt issuances and discloses these in...
Bonds are a long-term debt for corporations. By buying a bond, the bond-owner lends money to...
Bonds are a long-term debt for corporations. By buying a bond, the bond-owner lends money to the corporation. The borrower promises to pay specified interest rate during the loans lifetime and at the maturity, payback the entire principle. In case of bankruptcy, bondholders have priority over stockholders for any payment distributions. Bonds = Debt...............Bondholders = Lenders Stock=Equity................Stockholders = OwnersCalculation: For purposes of this exercise, assume that UPS issues a new ten-year bond for 100,000 that will mature in 2027. The...
Team Assignment #3 – Long-Term Debt At the end of 2000, Nittany, Inc. issued zero-coupon bonds...
Team Assignment #3 – Long-Term Debt At the end of 2000, Nittany, Inc. issued zero-coupon bonds that mature in 2020. The face value of the bonds was $1.8 billion, and they sold for $968 million on the issue date. The effective market interest rate was 3.149% on that date. At the end of 2005, Nittany repurchased $257 million in face value of the notes for a purchase price of $127 million, resulting in a gain on the early extinguishment of...
Question 48 1 pts The current debt-to-equity ratio of Crimson Corporation is 2.5. The company has...
Question 48 1 pts The current debt-to-equity ratio of Crimson Corporation is 2.5. The company has failed to give a comprehensive estimate of its target capital structure. The other financial details of the company are as follows: $250,000 $100,000 $350,000 $400,000 Book value of debt Book value of equity Market value of debt Market value of equity Current yield of debt Yield to maturity of debt Effective tax rate Marginal tax rate Equity risk premium 7.50% 3096 35% 4.50% The...
I cannot figure out the answer Question 4 Windsor Incorporated owes $96,000 to Ontario Bank Inc....
I cannot figure out the answer
Question 4 Windsor Incorporated owes $96,000 to Ontario Bank Inc. on a two-year, 11% note due on December 31, 2020. The note was issued at par. Because Windsor is in financial trouble, Ontario Bank agrees to extend the maturity date of the note to December 31, 2022, reduce the principal to $72,000, and reduce the interest rate to 9%, payable annually on December 31. Present value of the new debt is calculated as $69,534....
The Cessna Aircraft Company has outstanding an issue of 4% convertible bonds that mature October 1, 2024. Suppose the bo...
The Cessna Aircraft Company has outstanding an issue of 4% convertible bonds that mature October 1, 2024. Suppose the bonds are dated October 1, 2016, and pay interest each April 1 and October 1. The bond information is as follows: Maturity (face) value - $100,000 Stated interest rate – 4% Interest paid – Semiannually Market interest rate at the time of issuance – 5% Requirements Assume the bonds are issued at a price of 93.5. Using the straight-line method of...
(513) Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of...
(513) Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash and cash equivalents Net increase (decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property...
On December 31, 2020, Green Bank enters into a debt restructuring agreement with Shamrock Inc., which...
On December 31, 2020, Green Bank enters into a debt restructuring agreement with Shamrock Inc., which is now experiencing financial trouble. The bank agrees to restructure a $2.3-million, 10% note receivable issued at par by the following modifications: 1. Reducing the principal obligation from $2.3 million to $2.19 million 2. Extending the maturity date from December 31, 2020, to December 31, 2023 3. Reducing the interest rate from 10% to 8% Shamrock pays interest at the end of each year....
Analyzing Debt Terms, Ylelds, Prices, and Credit Ratings Reproduced below is the debt footnote from the...
Analyzing Debt Terms, Ylelds, Prices, and Credit Ratings Reproduced below is the debt footnote from the 2011 10-K report of Dell Inc. January 28, January 29, 2010 Long-Term Debt (in millions) 2011 Notes S 401 $ 400 $400 million isued on June 10. 2009, at 3.375% due June 2012 599 S600 million issued on April 17, 2008, at 4.70% due April 2013 609 499 $500 million issued on September 7. 2010, at 1.406 due September 2013 500 500 $500 million...
1. A company sells its product at a price of $ 75 and separates it, assigning...
1. A company sells its product at a price of $ 75 and separates it, assigning $ 70 to the product and $ 5 to the guarantee. When you sell a product, the company debits cash for $ 75 and credits: a. Sales for $ 75 b. Sales for $ 70 and “Unearned warranty revenue” for $ 5 c. Sales for $ 70 and “Estimated warranty liability” for $ 5 d. Sales for $ 70 and “Warranty expense” for $...
Locate the financial statement that reveals to the reader Target's debt balances at fiscal year-end February...
Locate the financial statement that reveals to the reader Target's debt balances at fiscal year-end February 1, 2020. Questions: What is the name of that statement? What dollar amount does Target specifically report (i.e. label) as “long-term debt and other borrowings" for February 1, 2020? What total dollar amount does Target report as long-term debt for the fiscal year ending February 1, 2020? What percent of Target's total assets are financed with debt and what percent of Target's total assets...
Question 48 1 pts The current debt-to-equity ratio of Crimson Corporation is 2.5. The company has failed to give a comprehensive estimate of its target capital structure. The other financial details of the company are as follows: $250,000 $100,000 $350,000 $400,000 Book value of debt Book value of equity Market value of debt Market value of equity Current yield of debt Yield to maturity of debt Effective tax rate Marginal tax rate Equity risk premium 7.50% 3096 35% 4.50% The...
I cannot figure out the answer
Question 4 Windsor Incorporated owes $96,000 to Ontario Bank Inc. on a two-year, 11% note due on December 31, 2020. The note was issued at par. Because Windsor is in financial trouble, Ontario Bank agrees to extend the maturity date of the note to December 31, 2022, reduce the principal to $72,000, and reduce the interest rate to 9%, payable annually on December 31. Present value of the new debt is calculated as $69,534....
(513) Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash and cash equivalents Net increase (decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property...
On December 31, 2020, Green Bank enters into a debt restructuring agreement with Shamrock Inc., which is now experiencing financial trouble. The bank agrees to restructure a $2.3-million, 10% note receivable issued at par by the following modifications: 1. Reducing the principal obligation from $2.3 million to $2.19 million 2. Extending the maturity date from December 31, 2020, to December 31, 2023 3. Reducing the interest rate from 10% to 8% Shamrock pays interest at the end of each year....
Analyzing Debt Terms, Ylelds, Prices, and Credit Ratings Reproduced below is the debt footnote from the 2011 10-K report of Dell Inc. January 28, January 29, 2010 Long-Term Debt (in millions) 2011 Notes S 401 $ 400 $400 million isued on June 10. 2009, at 3.375% due June 2012 599 S600 million issued on April 17, 2008, at 4.70% due April 2013 609 499 $500 million issued on September 7. 2010, at 1.406 due September 2013 500 500 $500 million...
Locate the financial statement that reveals to the reader Target's debt balances at fiscal year-end February 1, 2020. Questions: What is the name of that statement? What dollar amount does Target specifically report (i.e. label) as “long-term debt and other borrowings" for February 1, 2020? What total dollar amount does Target report as long-term debt for the fiscal year ending February 1, 2020? What percent of Target's total assets are financed with debt and what percent of Target's total assets...
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