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18) The premium on bonds payable: a) represents the increase in interest expense over the life of the bonds b) represents a decrease in interest expense over the life of the bonds c) decreases int...
For each of the following transactions, indicate whether it will result in an increase, decrease, or...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a) Decrease Repayment of mortgage payable (b) Decrease Payment of interest on mortgage (c) No Effect Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash X Payment for the purchase of a held for trading investment that is not a cash equivalent (e) No Effect Collection of accounts receivable (f) Increase...
a. Increase in retained earnings Investing X b. Increase in equipment Investing C. Increase in interest...
a. Increase in retained earnings Investing X b. Increase in equipment Investing C. Increase in interest receivable Operating d. Decrease in bonds payable Financing e. Increase in unearned rent revenue Operating ✓ f. Decrease in prepaid insurance Operating g. Decrease in long-term investment Financing X h. Increase in accounts payable Operating 2. Indicate whether each of the changes in the balance sheet account activity. a. Increase in retained earnings Noncash activity X b. Increase in equipment Cash decrease C. Increase...
The amortization of a premium on bonds payable: A) has no effect on the cash payments...
The amortization of a premium on bonds payable: A) has no effect on the cash payments for interest reported in the operating activities section of the statement of cash flows B) increases the cash payments for interest reported in the operating activities section of the statement of cash flows C) decreases the cash payments for interest reported in the operating activities section of the statement of cash flows D) is reported in the financing activities section of the statement of...
Bond premium, entries for bonds payable transactions, interest method of amortizing bond premium Instructions Chart of...
Bond premium, entries for bonds payable transactions, interest method of amortizing bond premium Instructions Chart of Accounts ! Journal ! Final Question Instructions Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1. Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the...
Help on interest expense and premium on bonds payable Instructions Campbell, Inc. produces and sells outdoor...
Help on interest expense and premium on bonds payable
Instructions Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1. Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the...
18. An $80,000 bond issue priced at 97 is sold for 19. Term bonds for $78,200 are of shorter duration than serial bonds and pays interest semiannually percent, a face value of $20,000, a int...
18. An $80,000 bond issue priced at 97 is sold for 19. Term bonds for $78,200 are of shorter duration than serial bonds and pays interest semiannually percent, a face value of $20,000, a interest paynmeterest rate of each period intive interest method of amortizing a bond discount, the bond interest expense each period increase recorded for s over the life of the bond. 22. Extra gains and losses are a component of income from operations 23. A gain on...
Trying to figure out interest expense and premium on bonds payable :) Instructions Campbell Inc. produces...
Trying to figure out interest expense and premium on bonds
payable :)
Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $11,300,000 of 10-year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of $12,769,867. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
25. The ratio that represents dividends per common share in relation to market price per common...
25. The ratio that represents dividends per common share in relation to market price per common share is a. dividend payout b. percentage of earnings retained c. price/earings d. book value per share e dividend yield 26. Which of the following items is not included in the adjustment of net income to cash flows from operating activities? a. Increase in deferred taxes b. Depreciation expenses for the period Amortization of premium on bonds payable d. Proceeds from selling land e...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an additi...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease Data a. Net income b. Paid cash dividend c. Increase in receivables d. Retirement of debt-paying cash Purchase of treasury stock Purchase of equipment e. f. Cash Flows Classification Operating Investing Financing Noncash Effect on Cash Trans- Decrease actions Data Activity Activity Activity Increase Sale of equipment Decrease in inventory Acquisition of land, using common stock Retired bonds, using common stock Decrease in accounts...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a) Decrease Repayment of mortgage payable (b) Decrease Payment of interest on mortgage (c) No Effect Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash X Payment for the purchase of a held for trading investment that is not a cash equivalent (e) No Effect Collection of accounts receivable (f) Increase...
a. Increase in retained earnings Investing X b. Increase in equipment Investing C. Increase in interest receivable Operating d. Decrease in bonds payable Financing e. Increase in unearned rent revenue Operating ✓ f. Decrease in prepaid insurance Operating g. Decrease in long-term investment Financing X h. Increase in accounts payable Operating 2. Indicate whether each of the changes in the balance sheet account activity. a. Increase in retained earnings Noncash activity X b. Increase in equipment Cash decrease C. Increase...
Bond premium, entries for bonds payable transactions, interest method of amortizing bond premium Instructions Chart of Accounts ! Journal ! Final Question Instructions Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1. Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the...
Help on interest expense and premium on bonds payable
Instructions Campbell, Inc. produces and sells outdoor equipment. On July 1, 20Y1. Campbell issued $30,000,000 of 10-year, 10% bonds at a market (effective) interest rate of 9%, receiving cash of $31,951,110. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the...
18. An $80,000 bond issue priced at 97 is sold for 19. Term bonds for $78,200 are of shorter duration than serial bonds and pays interest semiannually percent, a face value of $20,000, a interest paynmeterest rate of each period intive interest method of amortizing a bond discount, the bond interest expense each period increase recorded for s over the life of the bond. 22. Extra gains and losses are a component of income from operations 23. A gain on...
Trying to figure out interest expense and premium on bonds
payable :)
Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $11,300,000 of 10-year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of $12,769,867. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the...
25. The ratio that represents dividends per common share in relation to market price per common share is a. dividend payout b. percentage of earnings retained c. price/earings d. book value per share e dividend yield 26. Which of the following items is not included in the adjustment of net income to cash flows from operating activities? a. Increase in deferred taxes b. Depreciation expenses for the period Amortization of premium on bonds payable d. Proceeds from selling land e...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease Data a. Net income b. Paid cash dividend c. Increase in receivables d. Retirement of debt-paying cash Purchase of treasury stock Purchase of equipment e. f. Cash Flows Classification Operating Investing Financing Noncash Effect on Cash Trans- Decrease actions Data Activity Activity Activity Increase Sale of equipment Decrease in inventory Acquisition of land, using common stock Retired bonds, using common stock Decrease in accounts...
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