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• Once you start the exam, you will 85 minutes to complete the exam. Question 40...
Question 16 (0.5 points) If the contractual (stated) interest rate is 9% and the market (effective)...
Question 16 (0.5 points) If the contractual (stated) interest rate is 9% and the market (effective) interest rate is 11% on the day the bonds are sold, the bonds will sell at face value. O a discount. O a premium.
complete the exam, and once you start you must finish. Time Running: Attempt due: May 57...
complete the exam, and once you start you must finish. Time Running: Attempt due: May 57 Minutes, 9 S DQuestion 1 10 pts Section: 18-1 Introduction to Statistical Process Control Charts The x-bar chart is based on the principles of which distribution? t-distribution Chi square distribution F distribution Normal distribution Question 2 10 pts
Question 19 4 pts When a note is secured by an asset of the corporation, it...
Question 19 4 pts When a note is secured by an asset of the corporation, it is called ain) O mortgage. O asset note. callable note O serial bond. Question 18 4 pts Rawl Company issues a 10-year, $4,000,000 bond on 01/01/2019 with a premium of $100,000. The coupon rate of the bond is 10%, and interest is to be paid to the bondholders semiannually on 06/30 and 12/31. The journal entry that Rawl should make on 12/31/2019 with regard...
This is a timed exam. There are 10 questions and you have 60 minutes to complete...
This is a timed exam. There are 10 questions and you have 60 minutes to complete it. You may backtrack after you have answered a questions and before you submit your quiz/exam. You have three attempts and the highest grade of these three attempts will be recorded as your grade for the quiz. For multiple choice questions, please select the 'best' answer among the given choices. For calculation questions where you are required to enter umerical answer, please read the...
Please complete all parts. Thank you Journalize issuance of the bond and the first semiannual interest...
Please complete all parts. Thank you
Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective-interest amortization method. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round your final answers to the nearest whole dollar.) Assumption 1. Seven-year bonds payable with face value of $85,000 and stated interest rate of 10%, paid semiannually. The market rate...
Why would bonds ever sell at a premium? Stated Rate = Market Rate Stated Rate >...
Why would bonds ever sell at a premium? Stated Rate = Market Rate Stated Rate > Market Rate Stated Rate < Market Rate QUESTION 2 Why would bonds ever sell at a discount? Stated Rate = Market Rate Stated Rate > Market Rate Stated Rate < Market Rate QUESTION 3 At what amount do bonds sell for if the Stated Rate is equal to the Market Rate? QUESTION 4 $500,000, 10%, 20 year bonds sell at 102.These bonds are selling...
help me with the ones i got wrong please Amortize Discount by interest Method On the...
help me with the ones i got wrong please
Amortize Discount by interest Method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round to the nearest...
Terms and Definitions The interest rate paid on the face amount of a bond is called...
Terms and Definitions The interest rate paid on the face amount of a bond is called the contract rate of interest. The interest rate paid on similar risk bonds is called the market rate of interest. When the contract rate of interest is less than the market rate of interest, the bonds will sell for less than their face value. The difference between the selling price and the face amount of the bonds in this case is called a discount...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You will be assisting with a review of the payables issued by Spring Corporation. Your first task is to review the previous year's journal entries shown as follows Journal Entries, Year 1 15 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT LARUTES EQUITY 1 Jan 1 Cash 1,008, 960.00 1...
Could you plz help me those questions? I literally struggled.. QUESTION 1 Which of the following...
Could you plz help me those questions? I literally struggled.. QUESTION 1 Which of the following is true regarding current portion of long-term debt? a. is reported separately on the balance sheet, but not in the general ledger b. is listed on the balance sheet as a current liability c. it is the part of the liability amount that is expected to be paid within the next year d. all are true 1 points QUESTION 2 Where on the...
Question 16 (0.5 points) If the contractual (stated) interest rate is 9% and the market (effective) interest rate is 11% on the day the bonds are sold, the bonds will sell at face value. O a discount. O a premium.
complete the exam, and once you start you must finish. Time Running: Attempt due: May 57 Minutes, 9 S DQuestion 1 10 pts Section: 18-1 Introduction to Statistical Process Control Charts The x-bar chart is based on the principles of which distribution? t-distribution Chi square distribution F distribution Normal distribution Question 2 10 pts
Question 19 4 pts When a note is secured by an asset of the corporation, it is called ain) O mortgage. O asset note. callable note O serial bond. Question 18 4 pts Rawl Company issues a 10-year, $4,000,000 bond on 01/01/2019 with a premium of $100,000. The coupon rate of the bond is 10%, and interest is to be paid to the bondholders semiannually on 06/30 and 12/31. The journal entry that Rawl should make on 12/31/2019 with regard...
This is a timed exam. There are 10 questions and you have 60 minutes to complete it. You may backtrack after you have answered a questions and before you submit your quiz/exam. You have three attempts and the highest grade of these three attempts will be recorded as your grade for the quiz. For multiple choice questions, please select the 'best' answer among the given choices. For calculation questions where you are required to enter umerical answer, please read the...
Please complete all parts. Thank you
Journalize issuance of the bond and the first semiannual interest payment under each of the three assumptions. The company amortizes bond premium and discount by the effective-interest amortization method. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries. Round your final answers to the nearest whole dollar.) Assumption 1. Seven-year bonds payable with face value of $85,000 and stated interest rate of 10%, paid semiannually. The market rate...
help me with the ones i got wrong please
Amortize Discount by interest Method On the first day of its fiscal year, Ebert Company issued $50,000,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 9%, resulting in Ebert receiving cash of $43,495,895. The company uses the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round to the nearest...
Terms and Definitions The interest rate paid on the face amount of a bond is called the contract rate of interest. The interest rate paid on similar risk bonds is called the market rate of interest. When the contract rate of interest is less than the market rate of interest, the bonds will sell for less than their face value. The difference between the selling price and the face amount of the bonds in this case is called a discount...
You are an accounting intern working for SpringFit Corporation. You have recently been assigned to help one of the accountants who is doing an internal audit of the business. You will be assisting with a review of the payables issued by Spring Corporation. Your first task is to review the previous year's journal entries shown as follows Journal Entries, Year 1 15 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT LARUTES EQUITY 1 Jan 1 Cash 1,008, 960.00 1...
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