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The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 7% bonds with a face amount of $630,000 on November 1, 2013. The bonds sold for $567,653, a price to yield the market rate of 8%. The bonds mature October 31, 2033 (20 years). Interest is paid semiannually on April 30 and October 31. Required:
1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2013?
2. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2013?
3. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2014?
4. What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2014?
Determine the project's net present value (NPV)? What does it imply? Find the IRR of the project? What does it mean?
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on 31st july 2012 mexico company paid 3000000 to get all of the common stock of conchita inc. which became a division
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Calculate diluted earnings per share for 2012, assuming the same facts as above, except that $1,000,000 of 6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into 5 shares of Lindsey common sto..
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