The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds. The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

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Answer 1

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Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

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Answer 2

Question

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

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Answer 3

Question

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

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Answer 4

Question

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

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Answer 5

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

Answer 6

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

Answer 7

Chapter 14, Problem 10RQ

To determine

The Bonds are issued at par, the carrying amount of bonds is the nominal value of bonds issued. However, if the bonds are issued at premium, the carrying amount of bonds in the books will be sum total of nominal value of bonds and the amount of unamortized premium as on particular date shall be taken. When the bonds are issued at discount, then unamortized value of discount on particular date shall be deducted from the nominal value of bonds to arrive at carrying amount of bonds.

The computation of carrying amount of bonds to be shown in the books in case of bonds issued at discount or premium need to be determined.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 14 - Prob. 1QC Ch. 14 - Daniels's bonds payable carry a stated interest...Ch. 14 - Prob. 3QC Ch. 14 - Prob. 4QC Ch. 14 - Prob. 5QC Ch. 14 - Prob. 6QC Ch. 14 - Prob. 7QC Ch. 14 - Prob. 8QC Ch. 14 - Prob. 9AQC Ch. 14 - 10B Hicks Corporation issued S500.000 of 5%,...

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