Eden Enterprises issues $2,400,000 of 10% bonds at 106. What is the amount of cash Eden would receive from the sale? a. $2,280,000 b. $2,400,000 c. $2,544,000 d. $2,360,000 e. None of the above
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- 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.If $1,093,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is __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:
- 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.DO1. ABC, Inc. issued P1,000,000, 10% bonds to yield 8%. bond issuance costs were P10,000. How should ABC calculate the net proceeds to be received from the issuance? * a. Discount the bonds at the stated rate of interest. b. Discount the bonds at the stated rate of interest and deduct bond issuance costs. c. Discount the bonds at the market rate of interest. d. Discount the bonds at the market rate of interest and deduct bond issuance costs.
