State the difference between the interest expense and interest paid in 2012.

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Answer 1

Question

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

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ht = ences X On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $84,920 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash withdrawals by owner Consulting revenue Salaries expense Cash $ 8,450 Accounts receivable 16,950 Office supplies 4,080 Rent expense Land 46,020 Office equipment 18,860 Telephone expense Accounts payable 9,280 Owner investments 84,920 Miscellaneous expenses $ 2,930 16,950 4,420 7,900 860 680 Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business. ERNST CONSULTING Income Statement Revenues Rent expense Salaries expense Telephone expense Total revenues $ 4,420 7,900 860 $ SA Assets Cash 8,450 Accounts receivable 16,950 Office supplies 4,080 Land 46,020 Office equipment 18,860 navable 9,280 13,180 5 11 of 14 Next >

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Mat lives in Barbados and is desirous of starting his own business from inheritances that his parents left him. He approached you for advice on the best type of business to register. Mr. Mat said he would love to gain benefits from any tax relief that is available that the government has to offer. Give advice to Mr. Mat whether it would be more beneficial to start a Company or an Individual Trading Business. outline for Mr. Mat why setting up either a company, or a trading as business is more advantageous over the other. cover matters like: Tax rates, Available tax reliefs and or tax credits Ease of operations of a company, as well as ease of operations of an individual trading business.

Answer 2

Question

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

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Answer 3

Question

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

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Answer 4

Question

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

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Answer 5

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

Answer 6

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

Answer 7

Chapter 14, Problem 11C

1.

To determine

State the difference between the interest expense and interest paid in 2012.

Answer 8

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

Answer 9

2.

To determine

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

Answer 10

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

Answer 11

3.

To determine

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

Answer 12

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

Answer 13

4.

To determine

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 14 - Prob. 1GI Ch. 14 - Why does issuing debt result in an income tax...Ch. 14 - What is a bond? Define face value, maturity date,...Ch. 14 - What is the difference between a mortgage bond and...Ch. 14 - Prob. 5GI Ch. 14 - Prob. 6GI Ch. 14 - Prob. 7GI Ch. 14 - Prob. 8GI Ch. 14 - Prob. 9GI Ch. 14 - Prob. 10GI

State the difference between the interest expense and interest paid in 2012.

Solution Summary: The author explains the difference between the interest expense and interest paid in 2012 and the amount of long-term debt matured each year from 2018 through 2022.

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State the difference between the interest expense and interest paid in 2012.

State the amount of long-term debt matured each year from 2018 through 2022 and specifies the note that provided this information.

State the amount of weighted average interest rate on the company’s long-term debt for the year ended December 31, 2012.

State the amount of current yield at December 31, 2012 on the company’s long-term debt and explain if the long-term debt of the company is same, greater or less than the average yield at issuance at December 31, 2016.

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