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Problem - On Jan. 1, 2021, ABC paid $3,050,000 for a serial bond that has a face value of $3,000,000, term of 5 years, and nominal rate of 9%. ABC made the investment to collect the contractual cash flows which are to be received every Dec. 31, 2021. ABC additionally paid the broker a fee of $25,550. The resulting effective interest rate from the acquisition is 8%. What is the compound journal entry to record the interest collected and principal amount collected as well as the interest earned on Dec. 31, 2021? Also, provide the correct balance of the investment after collecting the cash flows on that same day.
A corporation has 10,000 shares of 6% $50 par value cumulative preferred stock and fifty thousand shares of $4 par value common stock outstanding last year no dividends were paid this year the board of directors decided to pay a dividend of $80,000 t..
There are 15 million CRU common stock outstanding and their current market value is $21.50 per share. What is the weighted average cost of capital
The ledger of consignors or consignees; whether it normally has a debit balance or credit balance; and how the account is classified in the financial statements
On January 1, 2013, Learned, Inc., issued $2.6 million face amount of 10-year, 7% stated rate bonds when market interest rates were 1%. The bonds pay semiannual interest each June 30 and December 31. Calculate the proceeds (issue price) of Learned, I..
Proceeds from the bonds were used to repay the note when it came due. How should Cali classify the note in its December 31, year 2 financial statements?
The Maxwell Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:
Identify an organizational-level goal that would be incorporated into an annual business strategy (e.g., financial performance, service, productivity, competitive advantage, innovation.). Develop three organizational development strategies relating t..
How did you arrive at the bolded amount, $91218.63? Advantage Tennis Coaching in Brisbane offers coaching for junior, elite and mature tennis players.
The annual operating cash flow is $150,000 and the discount rate is 12 percent. What is the project's net present value if the tax rate is 21 percent?
Prepare a production budget by quarters for the first 6 months of 2020. Paige Company estimates that unit sales will be 10,500
Record depreciation on the building using straight-line depreciation the building was contributed on December 1 for $35,000 and bought some believes
Should be included in the cost of the patent they relate to. are capitalized and then amortized over a period not to exceed 40 years.
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