Journals related to bondshigher corporation owned 51 of the

Assignment Help Corporate Finance
Reference no: EM13356977

Journals related to bonds.

Higher Corporation owned 51% of the voting common stock of Manato, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the purchase price.

On January 1, 2005, Manato sold $1,400,000 in ten-year bonds to the public at 108. The bonds pay cash, or stated interest rate of 10% payable every December 31. Higher acquired 40% of these bonds on January 1, 2006, at an effective interest rate of 11 percent.

What consolidation journal entry would have been recorded in connection with these intercompany bonds on December 31, 2007?

Reference no: EM13356977

Questions Cloud

Evaluation of stock based on firms dividend yield and : evaluation of stock based on firms dividend yield and capital gain yield.if you bought a share of common stock you
Multiple choice questions on yield1 which of the following : multiple choice questions on yield.1. which of the following statements is not correct?a. if a bond is selling at its
Analyzing the positive and negative aspects of financial : analyzing the positive and negative aspects of financial statement.based on the information in the original case and in
Theory question based on budgeting for financial planningif : theory question based on budgeting for financial planning.if budget performance is overemphasized myopic behavior can
Journals related to bondshigher corporation owned 51 of the : journals related to bonds.higher corporation owned 51 of the voting common stock of manato inc. the parents interest
Journal entries related to bondshigher corporation owned 51 : journal entries related to bonds.higher corporation owned 51 of the voting common stock of manato inc. the parents
Computation of pv fv simple and effective interest rate1 : computation of pv fv simple and effective interest rate.1. find the effective rate corresponding to 3 compounded
Computation of ytm and present value of bondsyield to : computation of ytm and present value of bonds.yield to maturity- heymann company bonds have 4 years left to maturity.
Computation of default risk premiumdefault risk premium- : computation of default risk premium.default risk premium- the real risk-free rate r is 2.5 percent. inflation is

Reviews

Write a Review

Corporate Finance Questions & Answers

  Impact of the global economic crisis on business environment

This paper reviews the article of ‘the impact of the global economic crisis on the business environment' that is written by Roman & Sargu (2011).

  Explain the short and the long-run effects on real output

Explain the short and the long-run effects on real output, price, and unemployment

  Examine the requirements for measuring assets

Examine the needs for measuring assets at fair value in accounting standards

  Financial analysis report driven by rigorous ratio analysis

Financial analysis report driven by rigorous ratio analysis

  Calculate the value of the merged company

Calculate the value of the merged company, the gains (losses) to each group of shareholders, NPV of the deal under different payment methods. Synergy remains the same regardless of payment method.

  Stock market project

Select five companies for the purpose of tracking the stock market, preparing research on the companies, and preparing company reports.

  Write paper on financial analysis and business analysis

Write paper on financial analysis and business analysis

  Intermediate finance

Presence of the taxes increase or decrease the value of the firm

  Average price-earnings ratio

What is the value per share of the company's stock

  Determine the financial consequences

Show by calculation the net present value for the three alternatives (no education, network design certification, mba). Also, according to NPV suggest which alternative you advise your friend to choose

  Prepare a spread sheet model

Prepare a spread sheet model for the client that determines NPV/IRR with and without tax.

  Principles and tools for financial decision-making

Principles and tools for financial decision-making. Analyse the concept of corporate capital structure and compute cost of 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