On March 1, 2014, Khaleesi Company issued 10-year P5,000,000 8% term bonds dated March 1, 2014 and will mature on March 1, 2024. The bonds were sold to yield 10%, total proceeds received by Khalees is equivalent to the market value plus accrued interest. Interest is paid every March 1 and September 1. 13) How much interest expense will be recognized for the calendar year ended December 31, 2016?

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: LA Fitness Company issued a $10,000,000, 5-year, 7% callable bond on January 1, 2018, when the…

A: In the given question neither the face value of bond , nor the issue price of bond is given.…

Q: please give me answer in relatable

A: 1. What is the IRR Before Tax on Equity for a 5 year hold?Inputs and Assumptions:Purchase price:…

Q: On January 1, 2021, Lyle’s Limeade issues 4%, 10-year bonds with a face amount of $90,000 for…

A:

Q: On January 1, 2019, Company C issues $200,000 of its 6% bonds which mature in 10 years. Interest is…

A: Given: Par value of bonds: $200000 Rate of interest 6% Maturity year IS 10 Interest is paid annually…

Q: Interest expense for the year 2024 shall be a. P686,717 b. P802,862 c. P1,000,000 d. P919,007…

A: Given in the question: Coupon Rate = 10% Face Value = P10,000,000 It has been given that market rate…

Q: Take me to the text On October 1, 2020, Robby Company issued $251,000 worth of bonds at par, with…

A: The bonds are the financial instruments used to raise money from the market.

Q: On September 30, 2020, siemens Corporation issued Rs.5,000,000 face value of 9%,5 years bonds to…

A: Lets understand the basics.Amortization of premium or discount on issue on bonds can be done…

Q: $60,000, 5-year bonds, with a 10% stated rate of interest are issued at $64,867 on January 1, 2021.…

A: Interest Payment on Bond as per effective interest amortization method: The interest payment on a…

Q: On December 31, 2020, Whitfield Corp. issued $ 400,000 10% bonds, due on December 31, 2025. Interest…

A: The bonds are to be issued at par, discount or premium depending on the market rate of bonds.

Q: NY Fitness Company issued $10,000,000, 5-year, 7% callable bond on January 1, 2018 when the market…

A: Bond: It is  the  loan paid  by an investor to a borrower. Bonds are used by companies. Interest is…

Q: Alyssa Company issued P 10,000,000 bonds on January 1, 2021. The bonds pay interest annually at 10%…

A: Given that, Face value = P 10,000,000  Issue date = January 1, 2021 Coupon rate = 10%  Installment…

Q: In the statement of financial position of Leblanc Company as of December 31, 2020, the following…

A: Redemption of the bonds = Face value of Bonds Payable x Redemption value / 100 = P1,000,000 x 98/100…

Q: On March 1, 2021, BabyM company issued a four-year, P3,000,000 face value, 11% term bonds for…

A: Bonds issued at Premium: When a bond is issued at a premium, that means that the bond is sold for an…

Q: Interest expense for the year 2024 shall be a. P686,717 b. P802,862 c. P1,000,000 d P919007

A: Given in the question: Coupon Rate = 10% Face Value = P10,000,000 It has been given that market rate…

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: On March 1, 2014, Khaleesi Company issued 10-year P5,000,000 8% term bonds dated March 1, 2014 and…

A: Unamortized discount on bonds payable of 333,906

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: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

A: Carrying value is an accounting measure of value in which the value of an asset or company is based…

Q: On November 1, 2016, Melissa Corp. issued P 800,000 of its 10- year,8% term bonds dated October 1,…

A: Bonds are units of corporate debt issued by companies and securitized as tradeable assets.     Given…

Q: Devon Harris Company sells 9% bonds having a maturity value of $2,984,000 for $2,661,311. The bonds…

A: Effective interest rate refers to the income that an individual receives by holding onto the bond…

Q: April 10, 2021 – Alfa Issued 170,000 bonds with a nominal value of € 1.5. The issuance had a…

A: Bonds: Bonds are the financial securities issued by a company over and above or less than its…

Q: Chicken Wings company issued P1 million face value bonds for P1,032,880 on January 2, 2022, a price…

A: Interest expense = issue price of bond ×yield

Q: E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable…

A: The bonds have a face value of $500,000 and are issued at 95% of the face value.Issue Price = Face…

Q: E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable…

A: Carrying value is an accounting measure of value in which the value of an asset or company is based…

Q: PTD Co. issued USD4,000,000 maturity value, 12% bonds for USD4,000,000 cash on January 1, 2014.  The…

A: First interest payment will be made on July 1, 2014

Q: On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Issue Price of the bonds = Present value of principal + Present value of interest payments = face…

Q: On 1/6/2017, EB issued a subscription bond worth 400,000 dinars at an interest rate of 8% annually,…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

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, 2021, Blue company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields…

A: In a table known as a bond amortisation schedule, the sum of interest paid, interest accrued, and…

Q: On January 1, 2022, Davison Corp. issues $500,000 of 9% 15-year bonds that pay interest year. Bonds…

A: Issue price of bonds would be present value of interest annuity & maturity amount at market rate…

Q: eight What is the amount of Interest Expense that will be recorded on December 31, 202-

A: The interest on bonds is the cost of borrowing and is calculated using the…

Q: On January 1, 2020 a corporation issued $600,000 face value of bonds due in 10 years with a…

A: Bond value = E(1-(1+r)-n)/r + F/(1+r)n Where F = face value = 600000 E = semiannual coupon payment =…

Q: On January 1, 2021, BBB Company issued 10% bonds payable dated January 1, 2021 with a face amount of…

A: Present Value of Bond = PV of Coupon Payments + PV of Redemption Value PV of Coupon Payments =…

Q: On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Given information Face value of bond = P 8,000,000 Life of bond = 6 years Number of periods = 6 x…

Q: A company issues $20,000,000, 7.8%, 20-year bonds to yield an effective rate 8% on January 1, 2014.…

A: Bond Amortization refers to the payment of principal on a bond along with the interest to be paid on…

Q: On December 31, 2020, Whitfield Corp. issued $ 400,000 of 10% bonds, due on December 31, 2025.…

A: Interest expense = Previous period's Carrying amount of bonds * 8% * 6/12   Premium Amortization…

Q: How much cash was paid on December 31, 2021? What is the interest expense for the year 2021?  What…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: $60,000, 5-year bonds, with a 10% stated rate of interest are issued at $55,584 on January 1, 2021.…

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

Q: On January 1, 2018, Paradiso Company issued 1,000 of its 8%, $1,000 bonds at 93. Interest is payable…

A: Definition:   Bonds: Bonds are a kind of interest-bearing notes payable, usually issued by…

Q: On March 1, 2021, JebaMac Company issued 6% term bonds with a face amount of P1,000,000 due March 1,…

A: Jeba Company has recognized the bond payable as per amortized cost method using the effective…

Q: Mindsetta Music Inc. issued bonds on March 1, 2020, with a par value of $420,000. The bonds mature…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: How much is the interest expense for the year 2020?

A: A bond is a type of investment that is made by the investor as a loan to a borrower and charges a…

Q: BMT Company issued P5,000,000, 12%, 20-year bonds at 102 plus accrued interest on February 1, 2021.…

A: Accrued interest on the bonds company collect from the investor on February 1, 2021 = Face value of…