MC Qu. 129 A company issues... A company issues 9%, 5-year bonds with a par value...
MC Qu. 129 A company issues...
A company issues 9%, 5-year bonds with a par value of $250,000 on January 1 at a price of $260,139, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is:
Multiple Choice:
$22,500.
$20,000.
$10,000.
$11,250.
$0.
MC Qu. 130 A company issues...
A company issues 6% bonds with a par value of $80,000 at par on January 1. The market rate on the date of issuance was 5%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
Multiple Choice:
$4,800.
$4,000.
$2,400.
$2,000.
$0.
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MC Qu. 129 A company issues...
A company issues 9%, 5-year bonds with a par value...
A company issues 9% bonds with a par value of $50,000 at par on January 1....
A company issues 9% bonds with a par value of $50,000 at par on January 1. The market rate on the date of issuance was 8%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: 5 Multiple Choice points Σ 02:15:43 Ο Ο S2,250. Ο 54,500. Ο Ο 52,000. Ο Ο 50. Ο S4,000.
A company issues 9%, 4-year bonds with a par value of $160,000 on January 1 at...
A company issues 9%, 4-year bonds with a par value of $160,000 on January 1 at a price of $165,386, when the market rate of interest was 8%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: Multiple Choice $14,400. $0. $12,800. $7,200. $6,400 2) A company issued 5-year, 5% bonds with a par value of $91,000. The company received $88,947 for the bonds. Using the straight-line method, the amount of interest expense for the first...
A company issues 10%, 6-year bonds with a par value of $230,000 on January 1 at...
A company issues 10%, 6-year bonds with a par value of $230,000 on January 1 at a price of $240.486, when the market rate of interest was 9%. The bonds pay interest semiannually. The amount of each semiannual interest payment is Multiple Choice Ο $10,350. Ο 520,700 Ο Ο $0 Ο Ο $11,500. Ο Ο $23,000
A company issues 7% bonds with a par value of $140,000 at par on January 1...
A company issues 7% bonds with a par value of $140,000 at par on January 1 The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: ο ο $8, 400. ο $4900. ο 4,200. ο A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annual payments equal $11,600. The present value of...
A company issues 10%, 5-year bonds with a par value of $270,000 on January 1 at...
A company issues 10%, 5-year bonds with a par value of $270,000 on January 1 at a price of $280,682, when the market rate of interest was 9%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: $27,000. $24,300. $13,500. $12,150. $0.
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid...
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. Prepare a journal entry to record the issuance of the bond On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? On January 1, ABC company issued a 12%, 10-year bond with a...
Albatross company issues 6%, 7-year bonds with a par value of $350,000 on January 1 at...
Albatross company issues 6%, 7-year bonds with a par value of $350,000 on January 1 at a price of $327,000, when the market rate of interest was 7%. The bonds pay interest semiannually. The amount of cash paid each semiannual payment is: $0. $24,500. $21,000. $12,250. $10,500.
A company issues 8%, 8-year bonds with a par value of $130,000 on January 1 at...
A company issues 8%, 8-year bonds with a par value of $130,000 on January 1 at a price of $137,861, when the market rate of interest was 7%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: points (8 01:24:53 0 $10,400 0 0 0 $4,550. 0
On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $3,900,000....
On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $3,900,000. The bonds pay interest semiannually. The market rate of interest is 10.0% and the bond selling price was $3,634,992. The bond issuance should be recorded as Multiple Choice Debit Cash $3,900,000; credit Bonds Payable $3,900,000. Debit Cash $3,634,992; credit Bonds Payable $3,634,992. Debit Cash $3,900,000; credit Bonds Payable $3,634,992; credit Discount on Bonds Payable $265,008. Debit Cash $3,634,992; debit Discount on Bonds Payable $265,008;...
A company issued 9%, 15-year bonds with a par value of $560,000 that pay interest semiannually.
A company issued 9%, 15-year bonds with a par value of $560,000 that pay interest semiannually. The market rate on the date of issuance was 9%. The journal entry to record each semiannual interest payment is: Multiple Choice Debit Bond Interest Expense $25,200 Credit Cash $25,200. Debit Bond Interest Expense $50,400; credit Cash $50.400. Debit Bond Interest Payable $37,333, credit Cash $37,333 Debit Bond Interest Expense $510,000; credit Cash $510,000,
A company issues 9% bonds with a par value of $50,000 at par on January 1. The market rate on the date of issuance was 8%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: 5 Multiple Choice points Σ 02:15:43 Ο Ο S2,250. Ο 54,500. Ο Ο 52,000. Ο Ο 50. Ο S4,000.
A company issues 10%, 6-year bonds with a par value of $230,000 on January 1 at a price of $240.486, when the market rate of interest was 9%. The bonds pay interest semiannually. The amount of each semiannual interest payment is Multiple Choice Ο $10,350. Ο 520,700 Ο Ο $0 Ο Ο $11,500. Ο Ο $23,000
A company issues 7% bonds with a par value of $140,000 at par on January 1 The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is: ο ο $8, 400. ο $4900. ο 4,200. ο A company purchased equipment and signed a 5-year installment loan at 10% annual interest. The annual payments equal $11,600. The present value of...
2) A company issued 9%, 10-year bonds with a par value of $100,000. Interest is paid semiannually. The market interest rate on the issue date was 10%, and the issuer received $95,016 cash for the bonds. Prepare a journal entry to record the issuance of the bond On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? On January 1, ABC company issued a 12%, 10-year bond with a...
A company issues 8%, 8-year bonds with a par value of $130,000 on January 1 at a price of $137,861, when the market rate of interest was 7%. The bonds pay interest semiannually. The amount of each semiannual interest payment is: points (8 01:24:53 0 $10,400 0 0 0 $4,550. 0
On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $3,900,000. The bonds pay interest semiannually. The market rate of interest is 10.0% and the bond selling price was $3,634,992. The bond issuance should be recorded as Multiple Choice Debit Cash $3,900,000; credit Bonds Payable $3,900,000. Debit Cash $3,634,992; credit Bonds Payable $3,634,992. Debit Cash $3,900,000; credit Bonds Payable $3,634,992; credit Discount on Bonds Payable $265,008. Debit Cash $3,634,992; debit Discount on Bonds Payable $265,008;...
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