Homework Answers
rate positively ..
| Bond will be issued at par is market rate = Coupon rate | |||
| Bond will be issued at discount is market rate > Coupon rate | |||
| Bond will be issued at premium if market rate < Coupon rate | |||
| Ans 1 | Bond will be issued at discount | ||
| Ans 2 | Bond will be issued at par | ||
| Ans 3 | Bond will be issued at Premium | ||
| Ans 4 | Bond will be issued at discount |
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1 b) You are required to identify whether the following bonds will be issued at face...
Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a...
Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. i) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. ii) What is the ending balance in Microsoft's investment account? b)...
e 9 90% 3:38 pm Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft...
e 9 90% 3:38 pm Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. # What is the ending balance in...
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο...
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο δν Αν Αο Editing 三三三三ミ Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of...
Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine...
Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount: a. The market interest rate is 8%, Idaho issues bonds payable with a stated rate of 2.75% b. Austin issued 9% bonds payable when the market interest rate was 8.25% c. Cleveland's Cars issued 10% bonds when the market interest rate was 10% d. Atlanta's Tourism...
Bond prices depend on the market rate of interest, stated rate of interest
Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount:a. The market interest rate is 8%. Denton issues bonds payable with a stated rate of 7.75%.b. Starkville issued 8% bonds payable when the market interest rate was 8.25%.c. Houston issued 6% bonds when the market interest rate was 10%.d. Federal issued bonds payable that pay the...
On January 1, 2018, Professors Credit Union (PCU) issued 7%, 20-year bonds payable with face value...
On January 1, 2018, Professors Credit Union (PCU) issued 7%, 20-year bonds payable with face value of $100,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 5% when PCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 7% bonds issued when the market interest rate is 5% will be priced at 7. They are in...
On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds payable with face value...
On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds payable with face value of $600,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 7% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 8% bonds issued when the market interest rate is 7% will be priced at V. They are in...
On January 1, 2018, Engineers Credit Union (ECU) issued 8%, 20-year bonds payable with face value...
On January 1, 2018, Engineers Credit Union (ECU) issued 8%, 20-year bonds payable with face value of $900,000. The bonds pay interest on June 30 and December 31 Read the requirements Requirement 1 . If the market interest rate is 7% when ECU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain The 8% bonds issued when the market interest rate is 7% will be priced at la premium ....
Please answer all parts On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds...
Please answer all parts
On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds payable with face value of $600,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 7% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 8% bonds issued when the market interest rate is 7% will be priced at...
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...
Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. i) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. ii) What is the ending balance in Microsoft's investment account? b)...
e 9 90% 3:38 pm Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of Sun Software's net income (c) Receipt of the cash dividends. # What is the ending balance in...
Tell me what you want to do Open in Desktop App Α' Α' Β Ι Ο δν Αν Αο Editing 三三三三ミ Q2. a) Microsoft owns equity-method investments in several companies. Suppose Microsoft paid $1,000,000 to acquire a 25% investment in Sun - Software Company. Sun - Software reported net income of $640,000 for the first year and declared and paid cash dividends of $420,000. 1) Record the following in Microsoft's journal: (a) Purchase of the investment, (b) Microsoft's proportion of...
Bond prices depend on the market rate of interest, stated rate of interest, and time. Determine whether the following bonds payable will be issued at face value, at a premium, or at a discount: a. The market interest rate is 8%, Idaho issues bonds payable with a stated rate of 2.75% b. Austin issued 9% bonds payable when the market interest rate was 8.25% c. Cleveland's Cars issued 10% bonds when the market interest rate was 10% d. Atlanta's Tourism...
On January 1, 2018, Professors Credit Union (PCU) issued 7%, 20-year bonds payable with face value of $100,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 5% when PCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 7% bonds issued when the market interest rate is 5% will be priced at 7. They are in...
On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds payable with face value of $600,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 7% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 8% bonds issued when the market interest rate is 7% will be priced at V. They are in...
On January 1, 2018, Engineers Credit Union (ECU) issued 8%, 20-year bonds payable with face value of $900,000. The bonds pay interest on June 30 and December 31 Read the requirements Requirement 1 . If the market interest rate is 7% when ECU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain The 8% bonds issued when the market interest rate is 7% will be priced at la premium ....
Please answer all parts
On January 1, 2018, Nurses Credit Union (NCU) issued 8%, 20-year bonds payable with face value of $600,000. The bonds pay interest on June 30 and December 31. Read the requirements. Requirement 1. If the market interest rate is 7% when NCU issues its bonds, will the bonds be priced at face value, at a premium, or at a discount? Explain. The 8% bonds issued when the market interest rate is 7% will be priced at...
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...
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