What amount did sunshine receive from the bond issuance

Assignment Help Accounting Basics
Reference no: EM132600387

Question 1 - On July 1, 2013, Sunshine Co. issued 3,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2013 and mature on April 1, 2023. Interest is payable semiannually on April 1 and October 1. What amount did Sunshine receive from the bond issuance? a. $3,045,000 b. $3,000,000 c. $2,970,000 d. $965,000

Question 2 - The following information is related to the pension plan of Larry, Inc. for 2011. Actual return on plan assets $20,000 Amortization of net gain 8,250 Amortization of prior service cost due to increase in benefits 15,000 Expected return on plan assets 23,000 Interest on projected benefit obligation 36,250 Service cost 90,000 Pension expense for 2011 is? a. $129,500. b. $126,500. c. $113,000. d. $110,000

Reference no: EM132600387

Questions Cloud

Evaluate three of managerial accounting tool used to analyse : Describe and evaluate three of Managerial Accounting tools used to analyse, evaluate and understand the company performance.
What would be the balance in the paid-in capital : Harry used the cost method to record purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December
What will be the forecast for roberts year-end net income : How much new long-term debt financing will be needed in 2019? On the basis of that information, what will be the forecast for Roberts' year-end net income
Investigators use digital forensic methods : Law enforcement professionals and investigators use digital forensic methods to solve crimes every day.
What amount did sunshine receive from the bond issuance : Interest is payable semiannually on April 1 and October 1. What amount did Sunshine receive from the bond issuance
Data science-big data and blockchain technology : There are many emerging concepts that are using Data Science, Big Data and/or Blockchain Technology.
Find the direct materials price variance would be : For the month find the direct materials price variance would be, direct labor rate variance and material quantity variance for the month?
Find the depreciation expense on this machine : The oversight was discovered during the preparation of Janelle's 2013 financial statements. Find the depreciation expense on this machine for 2013
Auditors in understanding client business processes : Discuss how REA diagrams might be useful to auditors in understanding a client's business processes.

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