Eddie Corporation issues $1,500,000 of 8% bonds at 105. What is the amount of cash Eddie would receive from the sale? a. $1.425,000 b. $1,080,000 c. $1,575,000 d. $1,000,000 e. None of the above.
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- Bryce has $1,500,000 of bonds outstanding. The unamortized premium is $21,600. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? O $6,600 gain O $15,000 loss O $15,000 gain O $6,600 loss 79°F Rain toA company has bonds outstanding with a parvalue of $100,000. The unamortized premium on these bonds is $3,500. The company calls these bonds at a price of $102,000, :the gain or loss on retirement is loss $3,500 AO -gain $1,500 B O -gain $3,500.CO loss $1,500.DO(a) Graben Co purchases a bond for $441,014 on 1 January 20X1. It will be redeemed on 31 December 20X4 for $600,000. The bond is held at amortised cost and carries no coupon. Required Calculate the valuation of the bond for the statement of financial position as at 31 December 20X1 and the finance income for 20X1 shown in profit or loss. Compound sum of $1: (1 + r)n Year 1 2 3 4 5 2% 4% 6% 8% 10% 12% 14% 1.0200 1.0400 1.0600 1.0800 1.1000 1.1200 1.1400 1.0404 1.0816 1.1236 1.1664 1.2100 1.2544 1.2996 1.0612 1.1249 1.1910 1.2597 1.3310 1.4049 1.4815 1.0824 1.1699 1.2625 1.3605 1.4641 1.5735 1.6890 1.1041 1.2167 1.3382 1.4693 1.6105 1.7623 1.9254
- A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,700. The company calls these bonds at a price of $97,000 the gain or loss on retirement is: Multiple Choice $0 gain or los. $3,000 gain. $1,700 gain. $3.000 loss. $1,700 loss.Clabber Company has bonds outstanding with a par value of $118,000 and a carrying value of $108,100. If the company calls these bonds at a price of $104,000, the gain or loss on retirement is: Multiple Choice $9,900 gain. $9,900 loss. $4,100 gain. $14,000 loss. $4.100 loss.If $500,000 par value bonds with a carrying value of $499,000 are redeemed at 103, the company will record a $13,970 gain. $1,497 gain. $16,000 loss. $14,970 loss.
- A company paid $33,800 to acquire 11% bonds with a $36,000 maturity value. The company intends to hold the bonds to maturity. The cash proceeds the company will receive when the bonds mature equal:Bonds Payable has a balance of $802,000 and Discount on Bonds Payable has a balance of $9,624. If the issuing company redeems the bonds at 98, what is the amount of gain or loss on redemption?Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these bonds at a price of $104,500, the gain or loss on retirement is:
- A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,800. The company calls these bonds a a price of $98,000 the gain or loss on retirement is: Multiple Choice $0 gain or loss. $2,800 gain. $2,800 loss.Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Discount or Proceeds Premium а. Pear, Inc. issued $168,000 of 10-year, 8 percent bonds at 102. b. Apple, Inc. issued $139,000 of five-year, 12 percent bonds at 97. С. Cherry Co. issued $159,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $70,000 of four-year, 8 percent bonds at 98.00.Answer full question.
