A bond at a price of 8000X On 23/2/2016the company bought 12 d. Bonds with anannual interest of 12% to be paid on 1/4 and10/1 of each year, and the bonds mature on23/2/2026, and on 1/4/2017 400 bonds weresold at a price of 10 d. Assign cash. Thebond sale will be listed on *: 4/1/2017 asfollows *4000 from h/ cash 800 from h/losses from selling bonds 4800 tod/ long-term investments in bonds4000 from h/ cash 712 from h/ lossesfrom selling bonds 4712 to h/ long-term investments in bonds80000 fromd/cash 16000 from h/losses from selling bonds 96000 to h/long-term investments in bonds4712 from h / cash 4000 to h/long-term investments in bonds 712 tothe extent of gains from the sale ofbonds

Answer 4000 from h/cash 800 from h/losses from selling of bonds 4800 from d /long-term investments…

A bond at a price of 8000 X On 23/2/2016 the company bought 12 d. Bonds with an nnual interest of 12% to be paid on 1/4 anc 0/1 of each year, and the bonds mature on 3/2/2026, and on 1/4/2017 400 bonds wer Assian cash The sold at a price of 10 d

A bond at a price of 8000 X On 23/2/2016 the company bought 12 d. Bonds with an nnual interest of 12% to be paid on 1/4 anc 0/1 of each year, and the bonds mature on 3/2/2026, and on 1/4/2017 400 bonds wer Assian cash The sold at a price of 10 d

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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