32. A company issued 5-year, 7% bonds with a par value of $100,000. The company received...
32. A company issued 5-year, 7% bonds with a par value of
$100,000. The company received $97,947 for the bonds. Using the
straight-line method, the amount of interest expense for the first
semiannual interest period is:
A. $3,294.70.
B. $3,500.00.
C. $3,705.30.
D. $7,000.00.
E. $7,410.60.
Homework Answers
Add Answer to:
32. A company issued 5-year, 7% bonds with a par value of
$100,000. The company received...
-6 A company issued 5-year, 7% bonds with a par value of $100,000. The company received...
-6 A company issued 5-year, 7% bonds with a par value of $100,000. The company received $97,947 for the bonds. Using the straight-line method, the amount of mees expense for the first semiannual interest period is: A. $3,500.00 B. $3,294.70 C. $3,705.30 D. $7,410.60 E. $7,000.00 C . Adidas issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date was 7.5%. Adidas received $206,948 in cash proceeds. Which of...
A company issued 5-year, 7% bonds with a par value of $1,100,000. The market rate when...
A company issued 5-year, 7% bonds with a par value of $1,100,000. The market rate when the bonds were issued was 6.5%. The company received $1,123,162 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is:
A company issued 5 year, 7% bonds with a par value of $800,000. The market rate...
A company issued 5 year, 7% bonds with a par value of $800,000. The market rate when the bonds were issued was 6.5%. The company received $816,845 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: ο 456,00000 ο $28,000.00 ο $29,07180. ο $26,315.50. ο $53,091.80.
A company issued 5-year, 9% bonds with a par value of $98,000. The company received $95,947...
A company issued 5-year, 9% bonds with a par value of $98,000. The company received $95,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is: Multiple Choice Ο $9,230.60. 592οσο. Ο $4,410.00. Ο $8,820.00. Ο Ο $4.20470. Ο $4,615.30.
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 issued 5-year, 7% bonds with a par value of $250,000. The market rate...
. A company issued 5-year, 7% bonds with a par value of $250,000. The market rate when the bonds were issued was 4.0% on 1/1/19. Interest is paid 2 times per year on 6.30 and 12.31. Calculate the sale price and record the journal entry for this sale. Using the straight-line method, calculate the amount of interest expense for the first semiannual interest period and record the journal entry
A company issued 5 year, 7% bonds with a par value of $900,000. The market rate when the bonds were issued was 6.5%...
A company issued 5 year, 7% bonds with a par value of $900,000. The market rate when the bonds were issued was 6.5%. The company received 5903000 cho the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest periodis: Multiple Choice Ο Ο $63,000 Ο Ο $62.100. Ο S31500 Ο () $30600 Ο ( 432,400 < Prev 9 of 10 # Next >
A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777...
A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first interest period is: Multiple Choice 2,223.00 $6,02770 $6,250.00 $6.472.30
A company issued 10.0%, 5-year bonds with a par value of $240,000. The market rate when...
A company issued 10.0%, 5-year bonds with a par value of $240,000. The market rate when the bonds were issued was 11.0%. The company received $230,954.85 cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is: Multiple Choice $12,000.00. $12,741.16. $12,702.52. $24,000.00. $25,443.68.
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...
-6 A company issued 5-year, 7% bonds with a par value of $100,000. The company received $97,947 for the bonds. Using the straight-line method, the amount of mees expense for the first semiannual interest period is: A. $3,500.00 B. $3,294.70 C. $3,705.30 D. $7,410.60 E. $7,000.00 C . Adidas issued 10-year, 8% bonds with a par value of $200,000. Interest is paid semiannually. The market rate on the issue date was 7.5%. Adidas received $206,948 in cash proceeds. Which of...
A company issued 5 year, 7% bonds with a par value of $800,000. The market rate when the bonds were issued was 6.5%. The company received $816,845 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: ο 456,00000 ο $28,000.00 ο $29,07180. ο $26,315.50. ο $53,091.80.
A company issued 5-year, 9% bonds with a par value of $98,000. The company received $95,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is: Multiple Choice Ο $9,230.60. 592οσο. Ο $4,410.00. Ο $8,820.00. Ο Ο $4.20470. Ο $4,615.30.
A company issued 5 year, 7% bonds with a par value of $900,000. The market rate when the bonds were issued was 6.5%. The company received 5903000 cho the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest periodis: Multiple Choice Ο Ο $63,000 Ο Ο $62.100. Ο S31500 Ο () $30600 Ο ( 432,400 < Prev 9 of 10 # Next >
A company issued 10-year, 6.25% bonds with a face value of $100,000. The company received $97,777 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first interest period is: Multiple Choice 2,223.00 $6,02770 $6,250.00 $6.472.30
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...
Most questions answered within 3 hours.
-
The velocity field of a flow is given by V = (2+1) x
y2 i +...
asked 8 minutes ago -
(EPS with
Convertible Bonds) On June 1, 2012, Bluhm Company and
Amanar Company merged to form...
asked 5 minutes ago -
2. Discuss why the study exemplifies one that agrees with The
American Psychological Association’s (APA) Ethical...
asked 9 minutes ago -
Without considering the following capital gains and losses,
Charlene, who is single, has a taxable income...
asked 17 minutes ago -
1a. The __________ functional group often triggers our sense of
smell.
1b. The geometry around a...
asked 30 minutes ago -
A uniform plank of length 2.00 m and mass 34.0 kg is supported
by three ropes,...
asked 31 minutes ago -
Suppose a floor on a hospital has 12 physicians at any given
time. You are brought...
asked 45 minutes ago -
Compartmentalization
in eukaryotic cells facilitates chemical reactions happening faster
due to... Select all
Substrates needed for...
asked 31 minutes ago -
The deltaH for the solution process when solid sodium
hydroxide dissolves in water is 44.4 kJ/mol....
asked 34 minutes ago -
a. Discuss the reciprocal/opposite “hormonal” regulation of the
most highly regulated steps of these two pathways....
asked 52 minutes ago -
Members of unions had mounted campaigns to persuade customers
not to shop at a company because...
asked 53 minutes ago -
Why is the alpha carboxyl group pka value 2 ?
And why is an alpha amino...
asked 1 hour ago