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Introduction:
Bond: A bond is defined as a security generally used for a debt investment under which an investor finances money to an entity for a definite period of time at a fixed interest rate. Ventures that demands huge amount of funds are usually financed from bond issuance. The total amount of interest payable on bond issuance during a given period of time is known as bond interest expenses.
To calculate:
1. The amount of long term bonds and notes currently outstanding.
2. The supporting information to municipality’s financial statements and records
a. The market interest rate when the bonds and notes were issued
b. The date when bonds or notes will mature.
c. Any rating on the bonds and notes received from Moody’s investor’s service, Standard and Poor rating service, Fitch ratings and any other rating agency.
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Chapter 14 Solutions
Fundamental Accounting Principles
- Financial Accountingarrow_forwardPlease give me true answer this financial accounting questionarrow_forwardRefer to the Hartley Ltd statement of cash flows for the year ended 31 December 2022 and answer the following questions: 1.1 Calculate the following: 1.1.1 Depreciation 1.1.2 Interest paid 1.1.3 Net increase (decrease) in cash 1.1.4 Cash balance as at 31 December 2022. 1.2 Comment on the following: 1.2.1 Cash flows from operating activities of (R390 000) 1.2.2 Cash flows from investing activities of R150 000 1.2.3 Increase in inventory of (R700 000) 1.2.4 Increase in receivables of (R500 000).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
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