
Concept Introduction:
A bond is the debt security or an instrument where the issuer of bond has liability to bondholders to pay off the principal debt at the maturity date along with the interest rate or coupon rate agreed.
Bonds are issued at par value, premium or discount which are briefly explained as below:
Issue at Par value: The bond is issued at face value of the bond that indicates the market price and contract price of the bond are equal.
Issue at premium: The bonds, if issued at a price higher than its face value it indicates that bonds are issued at premium.
Issue at discount: The bonds, if issued at a price lower than its face value it indicates that bonds are issued at discount.
Requirement-1a:
To determine:
The par value of the bond issuance at the rate of 4.625% and the book value of the bond.
Requirement-1b:
To identify:
The issuance of bond sold is made at premium or discount from the data given in the reports of Vodafone Group Plc and to explain the identification for the solution.

Want to see the full answer?
Check out a sample textbook solution
Chapter 14 Solutions
Connect Access Card for Fundamental Accounting Principles
- Given answer General accounting questionarrow_forwardMalek Events Catering uses the high-low method to predict its total overhead costs. Past records show that total overhead cost was $27,400 when 850 hours were worked and $29,800 when 950 hours were worked. If Malek Events Catering has 880 hours scheduled for next month, what is the expected total overhead cost for next month?arrow_forwardWhat is the estimate of the overheads?arrow_forward
- Financial Accountingarrow_forwardI need answer both questions properly please help mearrow_forwardJasee Corp estimated manufacturing overhead costs for the year to be $600,000. Jasee also estimated 10,000 machine hours and 2,500 direct labor hours for the year. It bases the predetermined overhead allocation rate on machine hours. On February 28, Job 42 was completed. It required 8 machine hours and 2 direct labor hours. What is the amount of manufacturing overhead allocated to the completed job?arrow_forward
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education





