A corporation issues for cash $9,000,000 of 8%, 30-year bonds, interest payable semiannually. The amount received for the bonds will be a.present value of $9,000,000 to be repaid in 30 years, less present value of 60 semiannual interest payments of $360,000 b.present value of 30 annual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years c.present value of 30 annual interest payments of $720,000 d.present value of 60 semiannual interest payments of $360,000, plus present value of $9,000,000 to be repaid in 30 years

Q: 1. A corporation sold an issue of 20-year bonds, having a total face value of P10,000,000 for…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Triple V Corporation was authorized to issue P10,000,000 face value, 10%, 10 year bonds on January…

A: Journal entry The basic process of accounting work is to journalize the required transaction into…

Q: first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays semiannual…

A: Solution: When straight line Amortization is followed, the bond premium is based on total amount of…

Q: At the beginning of current year, Samal Company Issued P5,000,000 8% serial bonds, to be repaid in…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: ACCT 102

A: Cash received in first year means cash received from the sale of bonds. Cash paid in the first year…

Q: On January 2, 2020, a calendar-year corporation sold 4% bonds with a face value of $2640000. These…

A: A bond is the debt instrument issued by a company to raise the fund for its operations. The company…

Q: 49.   A corporation issues for cash $8,000,000 of 8%, 30-year bonds, interest payable semiannually.…

A: Bonds are the fixed interest bearing securities and are issued by an entity for financing the…

Q: On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: Triple V Corporation was authorized to issue P10,000,000 face value, 10%, 10 year bonds on January…

A: SOLUTION- BONDS ARE INVESTMENT SECURITIES WHERE IN INVESTOR LENDS MONEY TO A COMPANY OR A GOVERNMENT…

Q: Cupola Fan Corporation issued 10%, $600,000, 10-year bonds for $570,o00 on June 30, 2021. Debt issue…

A: Bonds refers to the fixed income debt which represents loan made by an investor to a borrower. It is…

Q: Adonis Corporation issued 10-year, 7% bonds with a par value of $220,000. Interest is paid…

A: SOLUTION-   BONDS IS A FIXED INCOME INSTRUMENT THAT REPRESENT A LOAN MADE BY AN INVESTOR TO A…

Q: A corporation issues 100 sinking fund bonds of P1,000 face value, redeemable at par in 15 years,…

A: Given: Number of bonds = 100 Face Value = P1000 number of periods "n" = 15*2 = 30 Semiannual coupon…

Q: On January 1, $932,000, 5-year, 10% bonds, were issued for $904,040. Interest is paid semiannually…

A: Solution: Discount on issue of bond = $932,000 - $904,040 = $27,960 Nos of semiannual periods = 5*2…

Q: On January 1, $925,000, 5-year, 10% bonds, were issued for $897,250. Interest is paid semiannually…

A:

Q: Alpha Corporation sold and issued to Beta Corporation $400,000 of 8% (cash payable semiannually on…

A: Bond: It is a fixed income asset reflecting a loan to any borrower issued by an investor.

Q: On Dec. 31, 2020, ABC Corp issued 4-year, 7% bonds with $2,000,000 as par value. ABC Corp. received…

A: Lets understand the basics. When bond is issued at more than its par value then it is known as…

Q: At the beginning of January 2021, Luminiscence Company purchased ten-year bonds with a face amoun of…

A: The Purchase price of the bond = Present Value of Interest  + Present value of Bond at Maturity.…

Q: A corporation issues for cash $8,000,000 of 20-year, 8% bonds, interest payable semiannually. The…

A: Face value=8000000

Q: On the first day of the fiscal year, a company issues a $5,000,000, 7%, five-year bond that pays…

A:

Q: Adonis Corporation issued 10-year, 9% bonds with a par value of $260,000. Interest is paid…

A: Amount of Interest to be paid semi annually = $260,000 x 9% x 6 months 12 months = $11,700

Q: At the beginning of the current year, Chacha Company purchased 5-year bonds with a face amount of…

A: As per the amortization method, the value of the financial instrument is recognized at present…

Q: A corporation issues for cash $1,000,000 of 10%, 20-year bonds, interest payable annually, at a time…

A: Bond discount or premium: if a bond issued value is higher than its original value is called Premium…

Q: Which of the following statements is true?

A: Answer:   Option a.

Q: At the beginning of the current year, QUATRO Company purchased 5-year bonds with a face amount of ₱…

A: Purchase price of the bonds = Present value of principal + Present value of interest payments where,…

Q: issued a 5-year, 10%, 1,000 of the P 5,000 face value bonds with a yield of 12%. The bonds is…

A: We know that the carrying value of the bond is the present value of all the cash outflows paid on…

Q: [The following information applies to the questions displayed below.] Doyle Company issued $500,000…

A: Preparation of income statement , balance sheet and cash flows statement are as follows

Q: On December 1, 2018, the Lawrz Corporation issued five-year, non-convertible P5,000,000 face value…

A:

Q: On January 1, $2,000,000, 5-year, 10% bonds, were issued for $1,960,000. Interest is paid…

A: Bond is a financial instrument used by financial institutions to raise funds. It is a security for…

Q: On the first day of the fiscal year, a company issues a $2,500,000, 4%, five-year bond that pays…

A: Bonds: Bonds are the long-term promissory notes that are represented by the company while borrowing…

Q: Adonis Corporation issued 10-year, 7% bonds with a par value of $160,000. Interest is paid…

A: Bond is an instrument in which investors provide loan to the borrower company in return of a fixed…

Q: deposit

A: The government and the corporation raise finance by issuing bonds. The borrower is obligated to pay…

Q: On January 1, $877,000, five-year, 10% bonds, were issued for $850,690. Interest is paid…

A: Bonds payable are one of the sources of finance and are shown as liability. If the interest rate is…

Q: On June 1, 2020, LM company purchased debt investment at amortized cost, 8,000 of P1,000 face value…

A: Investment in bonds: Investment in bonds is the scenario where the company acquires bonds either at…

Q: On the first day of the fiscal year, a company issues a $500,000, 8%, 10-year bond that pays…

A: Bond is defined as the financial instrument which represents a debt security through which the…

Q: On January 1, 2021, PAPASA BA AKO Company purchased 5-year bonds with face value of P8,000,000 and…

A: Present Value of Bond = Present Value of Coupon Payments + Present Value of Redemption Value Present…

Q: On Dec 31, 2020, ABC Corp issued 4-year, 7% bonds with $3,000,000 as par value. ABC Corp. received…

A: The bonds are issued at premium means that carrying value of bonds payable is more than the face…

Q: Windsor Corporation issued 20-year, $10,600,000 face value, 10% convertible debentures on January 1,…

A: Basic Earning Per Share: Investors may find out how much of a company's net income was allocated to…

Q: Austin Corporation issues $6,000,000 of 10%, 10-year bonds, dated December 31, Year 1. The bonds are…

A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder.…

Q: On April 1, year 1, Opera Corporation issues P60 million of 12%, 10-year bonds payable at par.…

A: Introduction: Interest amount: Interest is a charge levied on the principal amount. Interest is…

Q: corporation issues $3,000,000 of 8%, 10-year bonds, interest payable semiannually. At the time the…

A: Formula: Present value of Annuity = Present value of Annuity factor x semi annual coupon payment.…

Q: On January 1, Jim Shorts Corporation issued bonds for $580 million. This bond issue was originally…

A: As per the indirect method of preparation of statement of cash flows, net income is adjusted for…

Q: Tamarisk Corporation issued 20-year, $10,500,000 face value, 9% convertible debentures on January 1,…

A: The question is based on the concept of Financial Accounting.

Q: a corporation sold an issue of 15 years bonds having a total face value of 12,000,000 for…

A: Face Value = 12,000,000 Coupon Rate = 15%  Interest Rate = 12%  Semi-annual coupon rate  = Coupon…

Q: On January 2, 2020, a calendar-year corporation sold 5% bonds with a face value of $3180000. These…

A: Given, Face value = $3,180,000 Coupon rate = 5%/2 = 2.5% Market rate = 7%/2 = 3.5%

Q: A corporation issues for cash $1,000,000 of 8%, 20-year bonds, interest payable annually, at a time…

A: The bonds payable are issued at premium when market rate is lower than the coupon rate of bonds…

Q: On March 1, 2020, Pyne Furniture Co. issued P700,000 of 10 percent bonds to yield 8 percent.…

A: Bonds are a form of loan or debt issued by the business, on which regular interest payments needs to…

Q: On April 1, year 1, Opera Corporation issues P60 million of 12%, 10-year bonds payable at par…

A: Formula: Interest expense = Bond amount x Interest rate x Time period

Q: Lee Corporation has 10-year, 12% bonds payable of $136,000 that were sold on January 2, 20X1 at a…

A: Bonds are the liabilities of the company which is issued to raise the funds required to finance the…