6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is a. $985,000 b. $1,000,000 Oc. $1,080,000 d. $1,027,500

Q: If $945,000 of 10% bonds are issued at 102 3/4, the amount of cash received from the sale is 4 Oa.…

A: The bonds' face value is $100 per bond. Bonds are issued at a premium of $2.75 at a total issue…

Q: A corporation issues $26,000,000 of 9% bonds to yield interest at the rate of 7%. (a) Was the amount…

A: the amount related to the bond issue : 1) Face amount is $26,000,000

Q: Client 7: The following data has been provided by your client, Hye Jin Corporation for their…

A: Value of bonds on Decemeber 31,2021=P1000000 x 98/100 = P980000   Interest income in 2022 =…

Q: If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the sale is

A: Cash received from the sale of bonds = Face value of bonds x rate at which bonds are issued

Q: 4. On January 1, 20x1, an entity issues 9%, 3-year, P3,000,000 bonds at a price that reflects a…

A: Face Value = 3,000,000 Yield = 14% Coupon = Coupon Rate * Face Value = 9%*3000000 = 270,000 Time…

Q: Evaluate the following statements: S1 The proceeds of a bond with a face amount of P100,000,000…

A: Proceeds of a bond with a face amount of P100,000,000 which sells at 102 = P100,000,000 X 102/100…

Q: If $949,000 of 8% bonds are issued at 102 3/4, the amount of cash received from the sale is…

A: Bonds: Which are issued by corporates and governments. Bonds pay fixed rate of interest.

Q: EA6. LO 13.2 Oak Branch Inc. issued $700,000 of 5%, 10-year bonds when the market rate was 4%. They…

A: In the given problem, the face value of the bond is $700,000 but it was issued at a price of…

Q: Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE…

A: The bonds was purchased at 100 means the bond was purchased at is face value i.e. $100, neither at…

Q: If $434,000 of 10% bonds are issued at 94, the amount of cash received from the sale is a.$407,960…

A: Formulas: Cash received = Face value * Discount rate

Q: A P 1,000,000 issue of 3%, 15-year bond was sold at 95%. What is the rate of interest of this…

A: The corporation and government can raise finance by issuing bonds. The borrower i.e bond issuer is…

Q: 2. What is the gain or loss from extinguishment of bonds? a. 700,000 gain b. 700,000 loss c. 300,000…

A: Bonds are a form of loan or debt that is being issued by the company for raising funds, on which…

Q: 1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000. DATE…

A: Semiannual interest = Face value of bonds x rate of interest x 6 months / 12 months = $200,000 x 9%…

Q: If $317,000 of 10% bonds are issued at 96, the amount of cash received from the sale is a.$285,300…

A: Bond is an instrument which helps the entity in getting money from public or from some other private…

Q: 6. [HW] $100,000 bond redeemable at par on October 1, 2038, is purchased on January 15, 2017.…

A: Solution a.Calculation of Cash Price Equation Cash Price = Quoted Price + Accrued Interest (Since…

Q: 1. What is the carrying amount of the bonds payable on the date of issuance? a. 5,000,000 b.…

A: 12% Non-Convertible Bonds = P5,000,000 Time = 5 years Interest = 5,000,000 8* 125 = P 600,000 Answer…

Q: n January 1, 20x1, an entity issues 9%, 3-year, P3,000,000 bonds at a price that reflects a yield…

A: The question is based on the concept of Financial Management. When the YTM is greater than the…

Q: If $310,000 of 7% bonds are issued at 97, the amount of cash received from the sale is a.$331,700…

A: Cash received from the sale of the bonds = Face value of the bonds - Discount on bonds where,…

Q: Bonds payable (maturing in 5 equal annual installments of P400,000) 2,000,000 Reserve for…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: 1 700 Wok Company purchosed 8.000, P)000 face voue, 9% bonds to yield 10%. The carrying amount of…

A: Given Data:

Q: If $323,000 of 10% bonds are issued at 96, the amount of cash received from the sale is a.$310,080…

A: please ,like the answer your response matters  Amount received from sale = $323,000 x 96%

Q: If $1,000,000 of 10% bonds are issued at 98, the amount of cash received from the sale is: Oa.…

A: Bond refers to a promise that the borrower will pay the lender the amount of face value along with…

Q: PB3. 13.2 Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at…

A: Interest expense on bonds The interest expense is the amount paid by the issuers of the bond to the…

Q: If $381,000 of 9% bonds are issued at 97, the amount of cash received from the sale is a.$381,000…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…

Q: The total interest paid on $46,000, ten-year, 6 percent bonds that are issued at 98 is a. $28,520.…

A: Total interest paid = Interest paid + Discount on bonds where, Discount on bonds = Face value of…

Q: Please I want answer for this question of Multiple Choice   Thanks

A: Given information:   Face value OR200,000 Priced at 98

Q: If $639,000 of 10% bonds are issued at 95, the amount of cash received from the sale is

A: A bond is an instrument of indebtedness to the holders which can be of municipal bonds and corporate…

Q: Bonds payable (maturing in 5 equal annual installments of P400,000) 2,000,000 Reserve for…

A: Current liabilities are company's debts which are due to be paid within the period of one year.

Q: P1,032,880 for P1,000,000 face amount, 12% bonds, a orice that vields 10%

A: Solution: Premium amortized at Dec 31, 2019 = cash paid for interest - interest expense =…

Q: If $571,000 of 9% bonds are issued at 98, the amount of cash received from the sale is a.$519,610…

A: Cash received from sale of bonds represents the amount after showing the effect of discount or…

Q: 5v B13 1 2 3 4 5 8 9 Arial X ✓ fx 6 Term of bonds, years 7 Market rate of interest Interest payment…

A: Bond :— Bond is a Liability which is Owned By the Owner for a specific period of time on which…

Q: If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is…

A: Bonds are considered a cheaper source of finance. It is because the interest on bonds is a…

Q: If $325,000 of 9% bonds are issued at 96, what is the amount of cash received from the sale? Select…

A: Issued at 96 means that the bonds are issued at 96% of face value of bond.

Q: Eddie industries issue 861000 of bonds at 102. The amount of cash received from the sale is

A: Bonds are kind of instrument which is issued by company to raise or borrow funds from the market. It…

Q: If $510,000 of 8% bonds are issued at 94, the amount of cash received from the sale is a.$479,400…

A: The bonds are the financial instruments used to raise the money from the market.

Q: 6. MC.11.166 If $1,000,000 of 8% bonds are issued at 98 1/2, the amount of cash received from the…

A: Cash received from the sale = $1,000,000 x 98.5% Cash received from the sale = $985,000…

Q: 1a. Purchased for cash $200,000 of Jakob, Inc. 9% bonds at 100 plus accrued interest of $3,000.…

A: Total amount paid = face value of bonds + accrued interest = $200,000 + 3,000 = $203,000

Q: n 7/2/Y1 Loch Ness, Inc. purchased 50 of the $1,000 face bonds issued by EBerry Corp. Loch Ness paid…

A: Bonds- Bonds and debentures are debt instruments issued by the government or a corporation.…

Q: 1,000,000 of 8% bonds are issued at 102 3/4, the amount of cash receive

A: The amount of cash received from the sale is $1,027,500

Q: Page 38 Financial Accounting 1 6. Jen Corporation purchased bonds at a discount of P100000.…

A: Bonds means an instrument issued by company acknowledging the debt due from company to bond holder.…

Q: A corporation issues $40,000,000 of 6% bonds to yield an effective interest rate of 8%. a. Was the…

A: Bonds: Bonds are the debt instruments issued by the borrower company to its lenders. Bonds are…

Q: Preented here are lang tmabity tema for Maint December 31, 207. Bonds pavabie (e 2021) Sar0.000…

A: Balance sheet is a statement of the assets, liabilities and capital of a business at a particular…

Q: P17.1 (LO 1) (Debt Investments) Presented below is an amortization schedule related to Spangler…

A: Corporate Bonds- Corporate bonds are investment bonds that corporations issue to raise capital…

Q: Eddie Industries issues $829,000 of 8% bonds at 105. The amount of cash received from the sale is…

A: Bonds: Bonds are long-term promissory notes that are issued by a company while borrowing money from…