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What amount did sunshine receive from the bond issuance

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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

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