Reference no: EM132359616
Question
1. On January 1, 2017, Moritz Company issued a five-year, $300,000, 6% bond that pays interest each January 1 and July 1. The market rate at the time of issuance was 7%. Assume that, on July 1, 2020, Moritz retired all of the bonds at 99. What gain or loss, if any, will Moritz recognize on the retirement of the bonds? (Round to the nearest dollar and choose the answer closest to your calculations).
2. Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of $5 par value stock for $18 per share. They repurchased 100,000 shares at $20 per share and reissued 20,000 of the Treasury shares at $22 per share. Assuming no shares were retired, what is the number of shares outstanding?
3. Crespo Company is authorized to issue 2,000,000 shares of common stock. They issued 500,000 shares of $5 par value stock for $20 per share. They repurchased 100,000 shares at $25 per share. Assuming no shares were retired, what is the number of shares issued?
|
Develop a plan for evaluation of training effectiveness
: Develop a plan for evaluation of training effectiveness including both short-term and long-term evaluation where appropriate. Your presentation must be.
|
|
How does a company account for depreciation expense
: Marshall Company issued $250,000 stock in exchange for a piece of land. How would Marshall report this transaction on the Statement of Cash Flows?
|
|
What is the balance in the retained earnings account
: On January 1, 2018, its first year of business, Scotti Company issued 2,000,000 shares of $5 par value Common Stock for $18 per share.
|
|
What method of instruction is a challenge
: Enhancing employees' knowledge through training and development is crucial in today's marketplace. Employees who receive training will improve their skills.
|
|
What is the number of shares outstanding
: Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of $5 par value stock for $18 per share.
|
|
How the two organizations use information technology
: Complete the following for this assignment: Assess how these two organizations use information technology for competitive advantage.
|
|
How would bellamy record these transactions
: Which of the following transactions would NOT be reported in the Liabilities section of the balance sheet? How would Bellamy record these transactions?
|
|
Describe persuasive writing techniques used in copywriting
: BSBWRT501 - Write Persuasive Copy Assignment, Australian Vocational Training Institute, Australia. Describe persuasive writing techniques used in copywriting
|
|
How much revenue will circuittown recognize with respect
: Prepare journal entries to record the sale of January gift cards, redemption of gift cards (ignore sales tax), and breakage (expiration) of gift cards.
|