Reference no: EM132994644
On June 1, 2021, VIENNA Company received ?1,077,200 plus accrued interest for 12% bonds with face amount of ?1,000,000. The bonds were sold to yield 10%. Interest is payable semiannually every July 1 and December 31. The entity elected the fair value option for measuring financial liabilities. On December 31, 2020, the fair value of the bonds is at 108. The change in fair value of the bonds is attributable to market factors.
Requirements:
Problem 1: How much is initial valuation of the bonds?
Problem 2: How much cash was received upon the sale of the bonds?
Problem 3: How much is the interest expense for the year ended December 31, 2021?
Problem 4: How much is the gain or loss from change in fair value of the bonds for 2021? (In the google form, if loss, put a negative sign before the numerical figure.)
Problem 5: What is the carrying amount of the bonds payable on December 31, 2021?
|
Should chris recommend that the project be undertaken
: What are the NPV and IRR for the proposed project, based on the forecasts made above? Should Chris recommend that the project be undertaken?
|
|
Facebook for brand awareness of wine company in singapore
: What is the recommended strategy for Facebook for brand awareness of wine company in Singapore?
|
|
Workgroup members due to social anxiety
: Takashi is working as a fitness instructor for Bounce Fitness. He is an excellent and efficient employee seen in his work ethic and the feedback from members of
|
|
Brief description of the case
: The case is about Royal Mail plc's senior financial analyst Hillary Hart, being tasked to evaluate the cost of capital for Royal Mail in July 2015. Cost of capi
|
|
How much cash was received upon the sale of the bonds
: How much cash was received upon the sale of the bonds? How much is the interest expense for the year ended December 31, 2021?
|
|
Customer service and business reputation risk
: Explain what is the Financial, Management, Staffing, social, legislative, safety, technological, customer service and business reputation risk that a coffee sho
|
|
Determine the monthly production rate
: a) Determine the monthly production rate (thus non-integral answers allowed) for the table and chair to generate maximum monthly profit.
|
|
Prepare all necessary entries for calendar year
: Prepare all necessary entries for calendar year 2021. VIENNA Company received ?1,077,200 plus accrued interest for 12% bonds with face amount of ?1,000,000.
|
|
How much will each of his daughters inherit from estate
: Jet, age 44, died suddenly in an accident. He leaves behind his spouse, Reggie and their three teenage daughters, Ryan, Ryland and Rebecca. Jet did not have a w
|