The everything is pink co issued 50000000 of 10-year 10

Assignment Help Accounting Basics

Reference no: EM13598216

The Everything is Pink Co. issued $50,000,000 of 10-year, 10 percent bonds with semi-annual cash interest payments. The market interest rate at the time of issuance was 8 percent. What was the issuing price of this bond?
a. What journal entry will the Everything is Pink Co make in its records when issuing the bonds above for cash?

Reference no: EM13598216

Questions Cloud

Why would royal carpen cleaning accept credit cards instead : royal carpet cleaning provided 90000 of services during 2011 its first year of operations. all customers paid for the

Direct has engaged our audit engagement team to perform due : direct drugs inc. direct is planning to acquire solvgen inc. solvgen or the company a publicly owned company during the

The ohio corporation has 900000 shares of 1 par value : the ohio corporation has 900000 shares of 1 par value common stock authorized and 550000 shares issued and

The equipment has a price of 300000 the manufacturer has : lonny excavating inc. is purchasing a bulldozer. the equipment has a price of 300000. the manufacturer has offered a

The everything is pink co issued 50000000 of 10-year 10 : the everything is pink co. issued 50000000 of 10-year 10 percent bonds with semi-annual cash interest payments. the

On january 1 2011 the topsy turvy amusement park inc had : on january 1 2011 the topsy turvy amusement park inc. had 750000 shares of no-par common stock outstanding for 1000000

Annual inventory carrying costs not included in the : macready company is considering introducing a new compact disc player model at a price of 105 per unit. macreadys

Supplies 300 only 200 of supplies still existunearned : supplies 300 only 200 of supplies still existunearned revenue 1500 of this amount 500 was received for december

Rollie company incorporated in 2011 and had the following : rollie company incorporated in 2011 and had the following transactions during 2011 issued 18000 shares 40 par value

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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

User Account

All Pages