On January 1, 2019, Company X issued $550,000 of twenty-year bonds when a market rate was 2%. The annual Interest payment each year is $22,000. What is the carrying value of the bonds after the interest payment on December 31, 2020?   Select one:   A. $550,000   B. $628,780.90   C. $631,826.11   D. $714,912.34

Q: A company issues $14900000, 5.8%, 20-year bonds to yield 6% on January 1, 2019. Interest is paid on…

A: Bonds are a form of loan or debt that is taken by the business. When bonds are being sold at a value…

Q: On January 2, 2016, Banno Corp. issued P1,500,000 of 10% bonds to yield 11% due December 31, 2025.…

A: The answer is stated below:

Q: Help Seve & E On January 1, 2021, Lambda, Inc. issued ten-year bonds with a face value of $1.000.000…

A: Par Value of the bonds = $1,000,000 Semi-annual Interest payment = 1,000,000 x 8% ÷ 2…

Q: On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of…

A: A liability account called "Bonds Payable" shows up on a business's balance sheet. It shows the…

Q: On January 1, 2019, Shrimp Company issued its 9% P9,000,000 face value bonds, which matures on…

A:

Q: QUESTION 7 On January 1, 2019, Fast Track Sdn Bhd issued 8% bonds worth RM300,000. This bond will…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: Assume that on January 2, 2020, the Valenzuela Corporation issues P1,000,000, 5-year term bonds with…

A: Bonds refers to the debt instrument issued by a corporate company to raise funds. It is an asset for…

Q: On January 1, 2019, Learned Inc. issued $105 million face amount of 20-year, 14% stated rate bonds…

A: Proceeds (Issue price) of bonds=Present value of semiannual interest payment+Present value of…

Q: On January 1, 2019, Fri Company issued P4,000,000 maturity value, 12% bonds for P4,000,000 cash. The…

A: Accrued interest payable is one of the liability of the business, which needs to be paid or settled.…

Q: A company issues P5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2022. Interest is paid on…

A: Formula: Semiannual interest payment = Face value of bonds x rate of interest x no. of months / 12…

Q: The entity purchased 6,000,000 12% bonds on January 1,2021. The interest is payable annually. The…

A: The carrying value of a bond is computed by adding an unamortized premium or subtracting the…

Q: On July 1, 2020, Riviera Manufacturing Co. issued a five-year note payable with a face amount of…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: On January 1, 2020, Dennis Company issued its 9% P9,000,000 face value bonds, which matures on…

A: One of the sources used by the business entity to manage the fund's requirement is to raise the…

Q: On January 1, 2020, Burger Company issued P2,000,000 of 10-year, 8% bonds at par. The bonds, dated…

A: Bonds carrying amount at January 2, 2020 = Par value of bonds - Bond issue costs

Q: Compute the issue price of the bonds of Pluto corp issues P560,000 of 9% bonds, due in 9 years, with…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: PROBLEM 1: Penamante Corporation had the following issuances of bonds for the year 2019 in response…

A: Introduction When compounding over time is taken into account, the actual income on a bank account…

Q: Blossom Inc. issued $884,000 of 10-year, 3% bonds on January 1, 2024. Interest is to be paid…

A: A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors…

Q: The entity purchased 6,000,000 12% bonds on January 1,2021. The interest is payable annually. The…

A: The bond is purchased in order to earn a regular fixed interest with low risk. Bonds are issued by…

Q: QUESTION 6 Merkell Company issued RM800,000 of 9%, 10-year bonds on January 1, 2019, at face value.…

A:

Q: A. On January 1, 2021, Bradley Company issued $100,000, 9%, 4-year bonds. Interest is paid…

A:

Q: company issues $25,000,000, 7.8%, 20-year bonds to yield (market) 8% on January 1, 2020. Interest is…

A: Here the bonds having coupon rate 7.8% are issued to yield at 8%  Thus represents that bonds are…

Q: A company issues $16700000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on…

A: Date (A) Interest payment (B) 2.9% * face value  interest expenses (C) 3% *previous book value…

Q: company issues $25,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. Interest is paid on…

A: Carrying  value of bond = issue amount + interest  accrued  - interest  paid

Q: On Mar. 1, 2022, Top Company issued P 700,000 of 10% bonds to yield 8%. Interest is payable…

A: Issue price of bonds will be present value of maturity & interest annuity at yield rate.

Q: Kendrick Corporation issued $660,000 of 7%, 10-year bonds payable on March 31, 2019. The market…

A: Issue price of the bond:Par value of the bond = $660,000Market interest rate   = 9% per annum (or)…

Q: AAA Company issued bonds with face amount of P9,000,000 on January 1, 2020. The nominal rate of 6%…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of…

A: An income statement helps in analyzing where to increase the revenue and decrease the cost to…

Q: On January 01, 2019, IDAMAY KO NA RIN PO SI PAPA CO. issued 10-year bonds with a face amount of P1…

A: Solution Chart Values are based on:           n=  10   i=  10%   Cash Flow Table Value *…

Q: • On January 1, 2020, X Company purchased $2,000,000 in bonds that will mature in 10 years and pay…

A: Company needs capital and funds for the purpose of financing its assets. In order to finance the…

Q: On July 1, 2019, Fewa Company issued P4,000,000 of 16% bonds to yield 14%. Interest is payable…

A:

Q: Jordan Company issues €50,000,000, 7.8%, 20-year bonds to yield 8% on July 1, 2018. Interest is paid…

A: Bonds are the debt security which is offered or issued by the corporates or the government to…

Q: A company issues $14600000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on…

A: The carrying value of the bond using effective interest will be proceeds from the issue with…

Q: Vaughn Manufacturing issues $5130000, 6%, 5-year bonds dated January 1, 2020 on January 1, 2020. The…

A: The question is based on the concept of Financial Management.

Q: he Maple Company issued 5-year bonds on January 1, 2020. The debt has a face value of $400,000 and…

A: Price of bond is the sum of present value of future cash flows from the bond. Cash flows include…

Q: On January 1, 2020, Lolo Company issued its 9% P9,000,000 face value bonds, which matures on January…

A:

Q: On January 1, 2019, Asus Company issued P4,000,000 maturity value, 12% bonds for P4,000,000 cash.…

A: Accrued interest payable = Face value × coupon rate

Q: On January 1, 2021, Silk Corp, issued eight-year, 6% bonds with a face value of $500,000, with…

A: The bonds are the financial instruments that are used by business to raise money from investors. The…

Q: Crane Company issues $5040000, 7%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds…

A: Proceeds from bond is the Present Value of the Bond. Present value of Bond is the present value of…

Q: On March 1, 2024, Baddour, Incorporated, issued 10% bonds, dated January 1, with a face amount of…

A: The discount or premium on an issued bond is amortized to find the carrying value of the bond…

Q: izy Company issued $1,000,000 of 3-year, 10% bonds on January 1, 2023. The bonds pay interest…

A: 1.Initial measurement of financial instruments : Under IFRS 9, all financial instruments are…

Q: On January 1, 2019, Learned Inc. issued $105 million face amount of 20-year, 14% stated rate bonds…

A:

Q: How much is the estimated purchase price of the bonds on January 1, 2021?

A: The purchase price of the bond reflects the relationship between coupon interest rate and market…