How much money did the company receive

Assignment Help Accounting Basics
Reference no: EM132543271

Question - Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market rate of 4%. The bonds paid interest semi-annually on June 30 and Dec. 31. How much money did the company receive when the bonds were issued? The bonds would be quoted at what rate?

Reference no: EM132543271

Questions Cloud

How much depreciation will they record in year one : Assuming they use time as their allocation basis and use double-declining balance depreciation, how much depreciation will they record in Year 1
Explaint he accountant of stock foods ltd was correct : Explain whether the accountant of Stock Foods Ltd was correct in not recording any journal entries on the rental agreement for the period ended
What is the amount of Patricias deduction : What is the amount of Patricia's deduction, assuming that she purchased the stock on December 03, 2016, and the stock had a FMV of $65,000 when donation made
How much warranty expense does the company report : On November 22, 2012, the copier requires on-site repairs that are completed the same day. How much warranty expense does the company report
How much money did the company receive : The bonds paid interest semi-annually on June 30 and Dec. 31. How much money did the company receive when the bonds were issued
Summarize the variance : Summarize the variance that you computed by showing the net overall favorable or unfavorable variance for the month.
Calculate lindas allowable itemized deductions for the year : Casualty loss (before 10% limitation but after $100 floor; not in a Federally declared disaster area) 34,000. Calculate Lindas allowable itemized deductions
Prepare the adjusting entries to record estimated bad debts : Prepare the adjusting entries to record estimated bad debts expense using the (1) percentage of sales basis
Calculate required sale in unit to achieve target operating : Calculate the required sales in unit to achieve its target operating income of 8% of total costs. Nyx sells its product for 30 per unit and variable costs.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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