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| Statementshowing Computations | |||
| Jan 01 2015 Financial Statements | Case A (Issued at 100) | Case B (At 96) | Case C (104) |
| a) Bonds Payable | 670,000.00 | 670,000.00 | 670,000.00 |
| b) Unamortised premium | - | (26,800.00) | 26,800.00 |
| c) Carrying Value | 670,000.00 | 643,200.00 | 696,800.00 |
| in Case B bonds are issued at discount…. Thus shown in negative = 670,000*(96 - 100)% | (26,800.00) | ||
| in Case C bonds are issued at premium…. Thus shown in positive = 670,000*(104-100)% | 26,800.00 | ||
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Marshalls Corporation completed a $670,000, 8 percent bond issue on January 1, 2015. The bonds pay...
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Marshalls Corporation completed a $650,000, 7 percent bond issue
on January 1, 2018. The bonds pay interest each December 31 and
mature 10 years from January 1, 2018.
Required:
For each of the three independent cases that follow, provide the
following amounts to be reported on the January 1, 2018, financial
statements immediately after the bonds were issued:
(Deductions should be indicated by a minus
sign.)
Please show calculations.
Marshalls Corporation completed a $650,000, 7 percent bond issue on January...
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Exhibit 10.5 Please can you help me with this exercise? Sikes Corporation, whose annual accounting period...
Exhibit 10.5
Please can you help me with this exercise?
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Marshalls Corporation completed a $650,000, 7 percent bond issue
on January 1, 2018. The bonds pay interest each December 31 and
mature 10 years from January 1, 2018.
Required:
For each of the three independent cases that follow, provide the
following amounts to be reported on the January 1, 2018, financial
statements immediately after the bonds were issued:
(Deductions should be indicated by a minus
sign.)
Please show calculations.
Marshalls Corporation completed a $650,000, 7 percent bond issue on January...
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Exhibit 10.5
Please can you help me with this exercise?
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