User Account

All Pages

How much cash did flaxseed receive

Assignment Help Financial Accounting
Reference no: EM133000029

Problem 1: On March 1, 2021, FLAXSEED Inc. issued at 97, including accrued interest, 2,550 of its 10%, ?1,000 bonds. The bonds are dated January 1, 2021 to mature on January 1, 2031. Interest is payable semi-annually on January 1 and July 1. From the bond issuance, how much cash did FLAXSEED receive?

Reference no: EM133000029

Questions Cloud

How much sales revenue should it record in the journal entry : Anvil Corp., which has an Dec 31 year-end, When Anvil delivers the first 500 gallons on March 1, how much sales revenue should it record in the journal entry?
How much cash did baker receive : How much cash did Baker receive in 20X1 when they sold this equipment? The equipment had an original cost of $20,000 and a book value of $4,000.
What is the net income before bonus and tax : The income tax rate is 30%. The senior managers received ?250,000 for the current year as bonus. What is the net income before bonus and tax?
What amount is the accounts payable debited upon payment : The purchase discount is 2/10, n/30. Freight is ?500, FOB Shipping point prepaid. At what amount is the accounts payable debited upon payment?
How much cash did flaxseed receive : From the bond issuance, how much cash did FLAXSEED receive? FLAXSEED Inc. issued at 97, including accrued interest, 2,550 of its 10%
Prepare a statement of changes in equity for maria laundry : Prepare a statement of changes in equity for Maria's Laundry Shop. The balances were retrieved from the records of Maria's Laundry
What amount of gain or loss should be recognized in profit : CHIA-SEED Company issued 7,000 of 15%. What amount of gain or loss should be recognized in profit or loss for 2021 to conform with the fair value option?
Conduct an analysis for a destination : Conduct an analysis for a destination and develop a destination management strategy to develop and manage a target tourist market to the destination
What is the required return for anzac preference shares : If preference shares are paying $0.82 in dividends per year and the current market price is $15.68, what is the required return for Anzac's preference shares?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What price would have been charged to the customer if job

What price would have been charged to the customer if the job required $3,3000 in materials and $4,5000 in direct labor cost, and the company priced its jobs at 20% above the job’s cost according to the accounting system?

  What will be the real effect on profit

The $63 of fixed overhead is allocated as $1.22 per direct labor dollar. What will be the real effect on profit if the order is accepted

  How much will an investor pay for the loan contract

A loan contract will provide Lixin, How much will an investor pay for this loan contract if she wants to "build in" a rate of return of 8.7% compounded monthly?

  What is the journal to record sale of the equipment

The prevailing interest rate for similar notes is 9%. The buyer agreed to pay interest every three months. What is the journal to record sale of the equipment?

  How much does she need to borrow to purchase the yacht

On December 31, Beth Klemkosky bought a yacht for $70,000 and paid $20,000 down, how much does she need to borrow to purchase the yacht

  Determine what is the earnings per share for the year

Determine What is the earnings per share for the year? What is the weighted-average number of common shares for the year?

  How much insurance should jerry carry

In order to obtain full replacement? coverage, how much insurance should Jerry carry on his? house?

  Discuss risk management and return on investment

Discuss Risk management and return on investment (include the formula to calculate the return on investment). Describe various capital opportunities to finance

  What is the depreciation expense on land improvements

What is the depreciation expense on machinery and equipment for 2022? What is the depreciation expense on land improvements for 2022?

  Compute net cash flows from financing activities

Madison Company sold a warehouse it no longer needed for $200,000. Compute net cash flows from financing activities

  Prepare a flexible budget for the actual units produced

Prepare a flexible budget for the actual units produced for January, February, and March in the Machining Department. Assume depreciation is a fixed cost. Enter all amounts as positive numbers. If required, use per unit amounts carried out to two dec..

  What is the journal entry to record for village of brighton

Collected for the period from the first day of 2020 to the dates on which the delinquent taxes were collected. What is the journal entry to record

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd