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Chase Corporation has $10,000,000 of 4 percent, 10-year bonds dated January 1, with interest payment dates of June 30 and December 31. The company's fiscal year ends December 31.
Problem a. Assume the bonds are issued for $8,512,000 on January 1 to yield an effective interest rate of 6 percent. Prepare journal entries for January 1, June 30, and December 31, assuming that Blake Corporation uses the effective interest method to amortize bond premiums or discounts.
Problem b. Calculate the net book value of the bonds after the interest payments have been made on June 30 and December 31.
Interest is payable semiannually each April 1 and October 1. What is the amount of cash paid to bondholders for interest during Year 1?
Hydro Inc. manufactures water sensors used by scientists to measure water quality. For the most recent period ended Hydro manufactured and sold 53,250 sensors at a sales price of $290 per sensor.
A corporation, which had 33,400 shares of common stock outstanding, declared a 5-for-1 stock split. What will be the number of shares outstanding after the split? How many shares? = If the common stock had a market price of $205 per share before the ..
Consider a 5 year non-call 3 year bond that is callable in 3 year and 4 year at prices of 101 and 100. What is the yield-to-worst for this bond
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Make income statement for each year accounting period. Acquired $85,000 by issuing common stock. Received $100,000 cash for providing services to customers.
Compare growth of revenues vs. income over time and between the two companies and how can you explain the difference in profitability between the two companies
You are to prepare a tax research memo regarding the following fact pattern. Your memo should include four sections: Facts, Issues, Conclusion, Discussion. Your memo should be 1-2 pages, single spaced. You will need to cite primary authority in your ..
Oliver Company issued $800,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?
how opinions over proposed solutions differ based on how the problem is understood because of conflicting social values
Calculate the present value of a $1,000 zero-coupon bond with five years to maturity if the yield to maturity is 6%.
How trade recivables would be shown in the companys compartive statment as decemeber 31 2010. Prepare djusting journal entry to recored bad depts
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