Not AMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Maturities (1) 2022 2024-2044 2023-2057 2012 Bonds issuance 2014 Notes issuance 2017 Notes issuance 2020 Notes issuance 2021 Notes issuance 2023-2061 Total face value of long-term debt Unamortized discount 2023-2060 Stated Interest Rates 2.50% O $1,250 million O $1,233 million O $1,233.85 million O $1,251.7 million 3.80% -4.95% 2.40% -5.20% 0.40% -2.70% 0.25% - 3.25% Less current portion of long-term debt Total carrying value of long-term debt (1) Interest on the Bonds and Notes is payable semi-annually. Effective Interest Rates 2.66% 3.90%-5.11% 2.56% -4.33% 0.56% -2.77% 0.35%-3.31% December 31, 2021 S 1,250 4,000 16,000 10,000 18,500 50,553 (318) (1,491) 48,744 Focus on the bonds issued in 2012 which will mature in 2022. Amazon issued the 2012 bonds ($1,250 face value, 2.5% stated interest rate) at 98.64% for about $1,233 million because the effective interest rate at the issuance date was 2.66%. If Amazon uses straight-line amortization, what is the carrying value of 2012 bonds after the first interest payment?

Not AMAZON.COM, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Maturities (1) 2022 2024-2044 2023-2057 2012 Bonds issuance 2014 Notes issuance 2017 Notes issuance 2020 Notes issuance 2021 Notes issuance 2023-2061 Total face value of long-term debt Unamortized discount 2023-2060 Stated Interest Rates 2.50% O $1,250 million O $1,233 million O $1,233.85 million O $1,251.7 million 3.80% -4.95% 2.40% -5.20% 0.40% -2.70% 0.25% - 3.25% Less current portion of long-term debt Total carrying value of long-term debt (1) Interest on the Bonds and Notes is payable semi-annually. Effective Interest Rates 2.66% 3.90%-5.11% 2.56% -4.33% 0.56% -2.77% 0.35%-3.31% December 31, 2021 S 1,250 4,000 16,000 10,000 18,500 50,553 (318) (1,491) 48,744 Focus on the bonds issued in 2012 which will mature in 2022. Amazon issued the 2012 bonds ($1,250 face value, 2.5% stated interest rate) at 98.64% for about $1,233 million because the effective interest rate at the issuance date was 2.66%. If Amazon uses straight-line amortization, what is the carrying value of 2012 bonds after the first interest payment?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 52BE

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Item Prior year Current year Accounts payable 8,194.00 7,893.00 Accounts receivable 6,066.00 6,786.00 Accruals 977.00 1,572.00 Cash ??? ??? Common Stock 11,869.00 12,264.00 COGS 12,616.00 18,108.00 Current portion long-term debt 5,038.00 5,064.00 Depreciation expense 2,500 2,825.00 Interest expense 733 417 Inventories 4,145.00 4,778.00 Long-term debt 13,680.00 14,055.00 Net fixed assets 50,966.00 54,551.00 Notes payable 4,331.00 9,956.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,104.00 29,983.00 Sales 35,119 45,456.00 Taxes 2,084 2,775 What is the firm's net income in the current year? . .
balance sheet on december 31,year 1 and december 31year 2 are presented below: assets dec 31 year 1 dec 31 year 2 liabilites dec 31 year 1 dec 31 year 2 cash 50 000 60 000 trade accounts payable 62 000 49 000 accounts receivable 95 000 89 000 interest payable 8 000 11 000 allowance for uncollectible accounts (4 000) (3 000) bonds payables 200 000 200 000 inventory 120 000 140 000 unamortized bond discount (15 000) (10 000) property plant and equipment 295 000 340 000 Equity 199 000 257 000 accumlated depreciation (102 000) (119 000) total assets 454 000 507 000 total liabilities 454 000 507 000 additional information for year 2 : cash payents to suppliers of merchandise were 180 000 sales revenue was 338 000 3 000 of accounts receivables was written off equipment was acquired for 65 000 depreciation expense was 30 000 interest expenses was 20 000 based on the above information calculate the following : 1. the cost of goods sold year 2. 2.…
Item Prior year Current year Accounts payable 8,126.00 7,784.00 Accounts receivable 6,078.00 6,607.00 Accruals 994.00 1,452.00 Cash ??? ??? Common Stock 10,696.00 12,040.00 COGS 12,650.00 18,346.00 Current portion long-term debt 5,031.00 5,088.00 Depreciation expense 2,500 2,797.00 Interest expense 733 417 Inventories 4,240.00 4,781.00 Long-term debt 14,366.00 13,914.00 Net fixed assets 51,539.00 54,520.00 Notes payable 4,323.00 9,909.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,408.00 29,699.00 Sales 35,119 45,984.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?
Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98 1/2, what is the amount of gain or loss on redemption? a. $500 loss Ob. $15,500 gain Oc. $500 gain Od. $15,500 loss 43 0 77777777777
A $990,000 bond issue on which there is an unamortized premium of $67,000 is redeemed for $816,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Bonds Payable Bonds Payable Premium on Bonds Payable Premium on Bonds Payable Gain on Redemption of Bonds Gain on Redemption of Bonds Cash Cash
Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of c flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 750,000 Retire bonds 150,000 600,000 June 30 Issue bonds 450,000 1,050,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Item Debit Credit Debit Credit Date 33,750 Jan. 1 Balance 12,000 21,750 Retire bonds 51,750 30,000 June 30 Issue bonds 2,625 49,125 Dec. 31 Amortize discount Amount Added or Deducted ioction of Statement of Cash Flows
Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: Account Bonds Payable Account NO. Date Item Debit Credit Balance Debit Balance Credit Jan. 1 Balance 540,000 Jan. 2 Retire bonds 108,000 432,000 Jan. 3 Issue bonds 324,000 756,000 Account Discount on Bonds Payable Account NO. Date Item Debit Credit Balance Debit Balance Credit Jan. 1 Balance 42,300 Jan. 2 Retire bonds 8,640 15,660 June 30 Issue bonds 27,700 37,360 Dec. 31 Amortize discount 1,870 35,490 Item Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Financing activities section Deducted $ Issue bonds…
Bonds Payable has a balance of $1,184,000 and Discount on Bonds Payable has a balance of $11,840. If the issuing corporation redeems the bonds at 97.5, what is the amount of gain or loss on redemption? a. $17,760 loss b. $11,840 loss c. $11,840 gain Od. $17,760 gain
Devin Company computes the following bond interest amortization table for bonds issued on January 1, 2021. Use the information on this table to answer the questions below. Interest Cash Payment Payment Interest Decrease in Вook Date Amount Discount Value Expense $441,068 $444,310 $447,683 $451,190 $454,838 $458,631 $462,577 $466,680 $470,947 $475,385 Discount $360,000 $360,000 $360,000 $360,000 $360,000 $360,000 $360,000 $360,000 $360,000 $360,000 $81,068 $84,310 $87,683 $91,190 $94,838 $98,631 $102,577 $106,680 $110,947 $115,385 $892,240 $807,929 $720,247 $629,056 $534,219 $435,587 $333,011 $226,331 $115,385 $0 $11,107,760 $11,192,071 $11,279,753 $11,370,944 $11,465,781 $11,564,413 $11,666,989 $11,773,669 $11,884,615 $12,000,000 June 30, 2021 Dec 31, 2021 June 30, 2022 Dec 31, 2022 June 30, 2023 Dec 31, 2023 June 30, 2024 Dec 31, 2024 June 30, 2025 Dec 31, 2025
Question Content Area The following information relates to the Davensmith Company: Interest payable, beginning of period $ 60 Bond discount amortization, end of period 40 Interest payable, end of period 10 Total interest expense reported on the income statement 850 Bond discount amortization, beginning of period 70 What was the amount of interest paid? $820 $870 $830 $850
Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 750,000 2 Retire bonds 150,000 600,000 June 30 Issue bonds 450,000 1,050,000 ACCOUNT Discount on Bonds Payable ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 33,750 2 Retire bonds 12,000 21,750 June 30 Issue bonds 30,000 51,750 Dec. 31 Amortize discount 2,625 49,125 Item Section of Statement of Cash Flows Added or Deducted Amount Retire bonds Issue bonds Amortization of discount
Bonds Payable has a balance of $962,000 and Premium on Bonds Payable has a balance of $10,582. If the issuing corporation redeems the bonds at 103, what is the amount of gain or loss on redemption? a.$990,860 gain b.$18,278 loss c.$10,582 gain d.$10,582 loss