01 Livermore Company sold$1,00,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January...
01
Livermore Company sold$1,00,000 of 8%,10-year bonds at 97 on
January 1,2021.The bonds were dated January 1,2021 and pay interest
on June 30 and December 31.If Livermore uses the
straight-line amortization,what would the total interest expense
recognized for the bond issue over its full term?
Homework Answers
| Issue Price ($100,000 x 97/100) | $97,000 |
| Face Value of bonds payable | $100,000 |
| Discount on bonds payable | $3,000 |
| Total Interest Expenses recognized for the bond issue over its full term | $83,000 |
| ($3,000 + $100,000 x 8% x 10) | |
| (Discount + Interest paid in cash) | |
Add Answer to:
01
Livermore Company sold$1,00,000 of 8%,10-year bonds at 97 on
January 1,2021.The bonds were dated January...
Livermore Company sold$1,00,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021...
Livermore Company sold$1,00,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021 and pay interest on June 30 and December 31.If Livermore uses the straight-line amortization,what would the total interest expense recognized for the bond issue over its full term?
Bay Company sold$1,00,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021...
Bay Company sold$1,00,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021 and pay interest on June 30 and December 31.If Bay company uses the straight-line amortization,what would the total interest expense recognized for the bond issue over its full term?
Apple Company sold$1,200,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021...
Apple Company sold$1,200,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021 and pay interest on June 30 and December 31.If Apple uses the straight-line amortization,what would the total interest expense recognized for the bond issue over its full term?
Dublin Company sold$1,200,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021...
Dublin Company sold$1,200,000 of 8%,10-year bonds at 97 on January 1,2021.The bonds were dated January 1,2021 and pay interest on June 30 and December 31.If Dublin uses the straight-line amortization,what would the total interest expense recognized for the bond issue over its full term?
10 points Save Anne Livermore Company sold $800,000 of 8%, 20-year bonds at 97 on January...
10 points Save Anne Livermore Company sold $800,000 of 8%, 20-year bonds at 97 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? Do not add dan
Livermore Company sold $880,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds...
Livermore Company sold $880,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount; round the answer to the whole number)
please show work uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year...
please show work
uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole...
please show work uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year...
please show work
uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole...
NEED ASAP 10 MINS !!!! SHOW CALCULATIONS PLEASE! Livermore Company sold $900,000 of 4%, 10-year bonds...
NEED ASAP 10 MINS !!!! SHOW CALCULATIONS PLEASE!
Livermore Company sold $900,000 of 4%, 10-year bonds at 98 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount: round the answer to the whole number)...
On January 1,2021,Katty Company issued$800,000 of 8%,10-year bonds for 97.Patty retired all of these bonds on...
On January 1,2021,Katty Company issued$800,000 of 8%,10-year bonds for 97.Patty retired all of these bonds on January 1,2022,at 102.If Katty uses the straight-line amortization,how much loss should be recognized on this bond retirement?
10 points Save Anne Livermore Company sold $800,000 of 8%, 20-year bonds at 97 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? Do not add dan
Livermore Company sold $880,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount; round the answer to the whole number)
please show work
uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole...
please show work
uestion 8 10 points Save A Livermore Company sold $1,000,000 of 6%, 10-year bonds at 96 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount round the answer to the whole...
NEED ASAP 10 MINS !!!! SHOW CALCULATIONS PLEASE!
Livermore Company sold $900,000 of 4%, 10-year bonds at 98 on January 1, 2021. The bonds were dated January 1, 2021 and pay interest on June 30 and December 31. If Livermore uses the straight-line amortization, what would the total interest expense recognized for the bond issue over its full term? (Do not add dollar sign; do not add comma by yourself to your amount: round the answer to the whole number)...
Most questions answered within 3 hours.
-
C9H12
13C NMR
7 peaks
1H NMR
δ 1.13 (triplet, 3H); δ 1.71 (multiplet, 2H); δ...
asked 3 minutes ago -
Consider a monoatomic ideal gas undergoing the following cycle:
starting point (a), pressure increases at a...
asked 3 minutes ago -
10) (a) In a hypothesis testing procedure explain the difference
between a type 1 and type...
asked 5 minutes ago -
Given the line notation, identify the anodic and
cathodic reactions and overall reaction:
Ag(s)| AgCl(s) |...
asked 26 minutes ago -
The money raised and spent (both in millions of dollars) by
all congressional campaigns for 8...
asked 29 minutes ago -
Annual salaries for employees in a large company are
approximately normally distributed with a mean of...
asked 38 minutes ago -
1. Lifetimes of a certain brand of lightbulbs is known to follow
a right-skewed distribution with...
asked 38 minutes ago -
The gravitational field
F(x,y,z) =cx /(x2 + y2 + z2)3/2 e1+ cy /(x2 + y2 +...
asked 36 minutes ago -
Below is an abstract from the following paper published in
Frontiers in Cell and Developmental Biology....
asked 39 minutes ago -
Company A is assigned $200,000 of goodwill arising from a recent
business combination. The current carrying...
asked 45 minutes ago -
Write any individual Class A IP address below. It cannot be
non-routable address. Include the subnet...
asked 46 minutes ago -
Coronado Industries had January 1 inventory of $301000 when it
adopted dollar-value LIFO. During the year,...
asked 56 minutes ago