Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations. To answer: The given questions about D’s bonds payable

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Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

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Subject : Financial Accounting

1. Data Trust Incorporated, manufactures Poke Monster figures and has the following data from its operation for the year just completed. Actual A Flexible Budget B Master Budget Units 1,540 1,240 Sales (dollars) $ 101,000 C $ 20,400 F Variable cost E $ 64,480 Contribution Margin $ 1,400 U D Fixed cost F $ 5,080 Operating income $ 15,200 The sales volume variance in terms of operating income is: 2. Distill Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance = $45,600 favorable; direct labor efficiency variance = $76,000 unfavorable. Distill allows 4 standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 20% more direct labor hours than the standard allowed for the output achieved. What was the direct labor…

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Answer 2

Question

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Answer 6

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

Answer 7

Chapter 12, Problem 12.33AP

1.

To determine

Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

Answer 8

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Answer 9

2.

To determine

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Answer 10

Expert Solution & Answer

Answer 11

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Answer 12

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Answer 13

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Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations. To answer: The given questions about D’s bonds payable

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Bonds: Bonds are long-term promissory notes that are represented by a company while borrowing money from investors to raise fund for financing the operations.

To answer: The given questions about D’s bonds payable

To prepare: Journal entry to record semiannual interest and amortization of discount on bonds.

Want to see the full answer?

Chapter 12 Solutions