GivenToday´s Datefeb-05 Ford Motor Co. Coupon:6.38% Matuirity:02/01/2029 Term to Matuirity24yearsRating:Baa1/BBB- Price: $ 927.87 General Motors Corp. Coupon:8.38% Matuirity:7/15/2033 Term to Matuirity28.5yearsRating:Baa2/BBB- Price: $ 1,061.25 Solution Ford Motor Co.General MotorsSemi-annual YTM Annualized YTM

Here,FM Co.GM Corp.Face Value $ 1,000.00 $ 1,000.00Coupon Rate6.38%8.38%Time to Maturity in…

Answered: Given Today´s Date feb-05 Ford…

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 106.3C

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Debt Investments Classification Cost orAmortized Cost Fair Valueat end if 2017 Interest Incomein 2017 Sales Pricein 2018 Trading $15,000 $14,000 $750 $14,500 Available-for-Sale $18,000 $15,000 $1,000 $16,000 Held-to-Maturity $24,000 $25,500 $950 For the Houston Company, what amount will appear on the income statement in 2017? Select one: a. ($2,500) b. $1,700 c. ($300) d. $2,700 e. $3,000
me * CengageNowv2 | Online teach x keAssignment/takeAssignmentMain.do?invoker-D&takeAssignmentSessionLocator=&inprogress%-false Updar Discount Amortization On the first day of the fiscal year, a company issues a $1,700,000, 9%, 10-year bond that pays semiannual interest of $76,500 ($1,700,000 x 9% x ½), receiving cash of $1,407,515. Journalize the first interest payment and the amortization of the related bond discount. Round to the nearest dollar. If an amount box does not require an entry, leave it blank. Interest Expense 1,407,515 Discount on Bonds Payable Cash
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Requirement 3. Prepare a comprehensive income statement for Thyme Investments for year ended December 31, 2018. Assume net income was $320,000. (Use a minus sign or parentheses to enter a loss.) 2018 Jan. 5 Purchased Vince Company's $525,000 bond at face value. Thyme classified the investment as available-for-sale. The Vince bond pays interest at the annual rate of 6% on June 30 and December 31 and matures on December 31, 2021 Management's intent is to keep the bonds for several years . June 30 Received an interest payment from Vince Dec.31 Received an interest payment from Vince. Dec.31 Adjusted the investment to its current market value of $518.500 .
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A-5
Current Attempt in Progress On October 1, 2023, Novak Corp. purchased 370, $1000, 9% bonds for $381000. An additional $11100 was paid for the accrued interest, which is paid semi-annually on December 1 and June 1. The bonds mature on December 1, 2027 and will be held to maturity. Novak uses the straight-line method of amortization and the amortized cost model for these bonds. Ignoring income taxes, the amount to be reported in Novak's 2023 income statement as a result of this investment is O $8325. ○ $7665. ○ $8985. ○ $5550.
Q6. ABC Corporation borrowed SAR 150,000 at 10% interest from NCB Bank on Jan. 1, 2020, for specific purposes of constructing special-purpose equipment to be used in its operations. Construction on the equipment began on Jan. 1, 2020, and other general debt existing on Jan. 1, 2020 was: SAR 200,000, 12%, 10-year bonds payable SAR 100,000, 11%, 5-year note payable The weighted-average accumulated expenditures was SAR 250,000. Compute the Actual and Avoidable Interest and Pass journal entry for the appropriate interest to be capitalized.
Current Attempt in Progress On October 1, 2023, Indigo Corp. purchased 280, $1000, 9% bonds for $301000. An additional $8400 was paid for the accrued interest, which is paid semi-annually on December 1 and June 1. The bonds mature on December 1, 2027 and will be held to maturity. Indigo uses the straight- line method of amortization and the amortized cost model for these bonds. Ignoring income taxes, the amount to be reported in Indigo's 2023 income statement as a result of this investment is $4200. $6300. $5040. $7560.
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Given
Today´s Date	feb-05

Ford Motor Co.
Coupon:	6.38%
Matuirity:	02/01/2029
Term to Matuirity	24	years
Rating:	Baa1/BBB-
Price:	$ 927.87

General Motors Corp.
Coupon:	8.38%
Matuirity:	7/15/2033
Term to Matuirity	28.5	years
Rating:	Baa2/BBB-
Price:	$ 1,061.25

Solution
	Ford Motor Co.	General Motors
Semi-annual YTM
Annualized YTM