User Account

All Pages

How much total cash will the company pay investors

Assignment Help Accounting Basics
Reference no: EM132480705

PART D: Interpreting a Bond Interest Amortization Table
Devin Company computes the following bond interest amortization table for bonds issued on January 1, 2020. Use the information on this table to answer the questions below.

Interest
Payment
Date

Cash
Payment
Amount

Interest
Expense

Decrease in
Discount

Discount

Book
Value

June 30, 2020

$160,000

$223,153

$63,153

$498,423

$7,501,577

Dec 31, 2020

$160,000

$225,047

$65,047

$433,375

$7,566,625

June 30, 2021

$160,000

$226,999

$66,999

$366,377

$7,633,623

Dec 31, 2021

$160,000

$229,009

$69,009

$297,368

$7,702,632

June 30, 2022

$160,000

$231,079

$71,079

$226,289

$7,773,711

Dec 31, 2022

$160,000

$233,211

$73,211

$153,078

$7,846,922

June 30, 2023

$160,000

$235,408

$75,408

$77,670

$7,922,330

Dec 31, 2023

$160,000

$237,670

$77,670

$0

$8,000,000

Question 1: When the bonds mature on December 31, 2023, how much principle will the company pay to investors?

Question 2: How much total cash will the company pay investors for interest in 2022

Question 3: How much total "interest expense" will the company report on its income statement in 2022?

Question 4: What value is shown for "bonds payable, net" on the company's december 31, 2022 balance sheet?

Reference no: EM132480705

Questions Cloud

How does equity occur between acquaintances : How does equity occur between acquaintances, and how does it occur between family members, close friends or long-term romantic relationships?
Describe the difference between race and ethnicity : Describe the difference between race and ethnicity. Provide an example of each. Explain the difference between sex, gender, and sexuality.
Spur government action on labor safety : What did Samuel Gompers mean when he said that women had to burn in order to spur government action on labor safety?
What were the negative consequences of takeover : What were the negative consequences of this takeover? What is the importance of having more women as coaches and administrators in intercollegiate athletics?
How much total cash will the company pay investors : When the bonds mature on December 31, 2023, how much principle will the company pay to investors? How much total cash will the company pay investors
Describe one organization or public policy : Based upon this information, describe one organization or public policy that is a resource that is in place to address the aging of America
Professional football in the united states : Which of these factors do you think accounts most for the level of brutal body contact that occurs in professional football in the United States?
Equal rights lgbt mobilization and ontario : What does the author's research reveal (directly and/or indirectly) about the relationship between law and society in the article on, Litigating Parentage
When the auditor obtain an understanding of internal control : When the auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description

Reviews

Write a Review

Accounting Basics Questions & Answers

  Lamars discount rate is 12 if the discount rate and the

lamar company invested in an eqipment in a project with 8 years life and required 240000. at the end of the 8th year

  Calculate the employer payroll taxes

Calculate the employer's payroll taxes, using the following rates: state unemployment, 4.3% federal unemployment, 0.8%

  Prepare pro forma statements for the next year

Below are recent financial statements for Vectra Manufacturing. Prepare Pro Forma statements for the next year using the information and assumptions provided.

  The sunrise hotel has 200 rooms each room rents at 110 per

the sunrise hotel has 200 rooms. each room rents at 110 per night and variable costs total 27 per room per night of

  On the first day of the current month rent for four months

for each of the following unrelated situations prepare the necessary adjusting entry in general journal formjuly 31sta.

  A the following questions assuming a 360-day year

answer the following questions assuming a 360-day year. required a calculate the approximate annual rate of

  Find what would be the balance reported for retained earning

If dividends of $78,900 were in arrears on preferred stock, what would be the balance reported for retained earnings?

  Definitions important to policy setting bodies

Why are asset and liability definitions important to the theoretical structure of accounting? Why are definitions important to policy setting bodies?

  Analyze the various types of business-type funds

Determine and Analyze the various types of business-type funds used in governmental units, and provide an example of when each is appropriate.

  What will be the tax depreciation each year

Question - Details of McCormick Plant Proposal - Should the project be accepted and what will be the tax depreciation each year

  Compute the estimated cost of endindg inventory

For the year 2014, Buen Provecho Supplies Corp. had net sales of $550,000 and cost of goods available for sale of $450,000.

  Dollar-value lifo issues

(Dollar-Value LIFO Issues) Arruza Co. is considering switching from the specific-goods LIFO approach to the dollar-value LIFO approach. Because the financial personnel at Arruza know very little about dollar-value LIFO, they ask you to answer the ..

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