Bonds Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond. To Explain: What is being described by the announcement?

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Answer 1

Question

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

(2)

To determine

The psychological reason for the securities to be priced.

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

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ter 9 Homework 13 1 of 2 apped Book Print rences Required information Problem 9-7A (Algo) Prepare a bond amortization schedule and record transactions for the bond issuer (LO9-5) [The following information applies to the questions displayed below] On January 1, 2024, Universe of Fün issues $770,000, 8% bonds that mature in 20 years. The market interest rate for bonds of similar risk and maturity is 9%, and the bonds issue for $699,154. Interest is paid semiannually on June 30 and December 31. Problem 9-7A (Algo) Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Date 1/1/2024 6/30/2024 12/31/2024 Cash Paid. Saved Interest Expense Change in Carrying Value Carrying Value Check a

Answer 2

Question

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

(2)

To determine

The psychological reason for the securities to be priced.

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

(2)

To determine

The psychological reason for the securities to be priced.

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

(2)

To determine

The psychological reason for the securities to be priced.

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

(2)

To determine

The psychological reason for the securities to be priced.

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Answer 6

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

Answer 7

Chapter 14, Problem 14.4BYP

(1)

To determine

Bonds

Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.

To Explain: What is being described by the announcement?

Answer 8

(2)

To determine

The psychological reason for the securities to be priced.

Answer 9

(2)

To determine

The psychological reason for the securities to be priced.

Answer 10

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Answer 11

(3)

To determine

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

Ch. 14 - How is periodic interest determined for...Ch. 14 - As a general rule, how should long-term...Ch. 14 - How are bonds and notes the same? How do they...Ch. 14 - What information is contained in a bond indenture?...Ch. 14 - On January 1, 2018, Brandon Electronics issued 85...Ch. 14 - How is the price determined for a bond (or bond...Ch. 14 - A zero-coupon bond pays no interest. Explain.Ch. 14 - Prob. 14.8Q Ch. 14 - Compare the two commonly used methods of...Ch. 14 - Prob. 14.10Q

Solution Summary: The author explains that bonds are a kind of interest bearing notes payable, usually issued by companies, universities, and governmental organizations.

The psychological reason for the securities to be priced.

To Identify: The accounting considerations for Incorporation CF and how Incorporation CF sales are recorded, and describe the Incorporation CF records the sale.

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Chapter 14 Solutions