If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $8,000, cashpaid for bond interest is:A) $790,000.B) $784,000.C) $806,000.D) $910,000.O AO BO D

Solution: Cash paid for bond interest = Bond interest expense - Increase in bond payable - Decrease…

Answered: If bond interest expense is $800,000,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If $1,059,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is a. $1,186,080 b. $1,088,123 c. $1,059,000 d. $794,250
If $1,051,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is:
8. A bond issued with a par value of $200,000 and a carrying amount of $195,500 is retired at 98.5. The gain or loss on this transaction is: discont = 4500 Bond Payabl 200000 A) $3,000 loss. B) $3,000 gain. C) $1,500 loss. D) $1,500 gain. discout Debit 4500 199901.5
If $571,000 of 9% bonds are issued at 98, the amount of cash received from the sale is a.$519,610 b.$571,000 c.$559,580 d.$622,390
If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825
If $325,000 of 9% bonds are issued at 96, what is the amount of cash received from the sale? Select the correct answer. $325,000 $295,750 $312,000 $354,250
A $300,000 bond was redeemed at 104 when the carrying amount of the bond was $316,000. The entry to record the redemption would include a Oa. loss on bond redemption of $3,000 Ob. gain on bond redemption of $3,000 Oc. loss on bond redemption of $4,000 Od. gain on bond redemption of $4,000 7 a I' B in 20 D W 14 Previous Next ^04) O
If $510,000 of 8% bonds are issued at 94, the amount of cash received from the sale is a.$479,400 b.$510,000 c.$469,200 d.$550,800
compute the cash proceeds from bond issues under the following terms. for each case, indicate whether the bonds sold at a premium or discount Cash Proceeds Discount or Premium a. Pear, Inc. issued $225,000 of 10-year, 8 percent bonds at 101. b. Apple, Inc. issued $133,000 of five-year, 12 percent bonds at 98. c. Cherry Co. issued $158,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $58,000 of four-year, 8 percent bonds at 97.
If $1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is
Please show your work.
If $307,000 of 7% bonds are issued at 94, the amount of cash received from the sale is Oa. $307,000 Ob. $285,510 O c. $288,580 Od. $328,490

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If bond interest expense is $800,000, bond interest payable increased by $8,000 and bond discount decreased by $8,000, cash paid for bond interest is: A) $790,000. B) $784,000. C) $806,000. D) $910,000. O A O B