Calculate the quoted price on June 1, 2011 of the bond outlined below. (Assume that the face value is $100, that the purchase price is $923.19, that the bond interest is paid semiannually, that the bond was originally issues at its face value, that the bond is redeemed for its face value at maturity and that the market rate is compounded semiannually)

Q: On January 1, 2009, Zero Co. issued its 10% bonds in the face amount of P4,000,000, which mature on…

A: Formula: Adjusted unamortized bond premium at December 31, 2009 = Total bond premium - Amortization…

Q: On July 01, 2019, SALUDO RAW SA'YO SI MAGELLAN SABI NI LOLA CO. received P1,032,880 for P1,000,000…

A: Solution: Interest expense for the six months ended December 31, 2019 = Issue price * 10% *6/12  =…

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A: Bonds receivable: It is an investment in bonds of an organization which pays a fixed rate of…

Q: On January 1, 2018, Darnell Window and Pane issued $18 million of 10-year, zero-coupon bonds…

A: 1.

Q: On January 1, 2015, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000,a…

A: Amortization Schedule: An amortization schedule is a table that shows the details of each loan…

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A: The bond price is the present value of the expected future payment which include both the interest…

Q: On January 1, 2006, Wolf Company issued its 10% bonds in the face amount of P5,000,000, which mature…

A: The bonds are issued at premium when market rate is lower than the coupon rate of bonds payable.

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A: Bond: It is  the  loan paid  by an investor to a borrower. Bonds are used by companies. Interest is…

Q: On January 1, 2018, Surreal Manufacturing issued 550 bonds, each with a face value of $1,000, a…

A: An amortization bond schedule is that in which the yearly principal amount is reduced with the…

Q: On January 1, 2017, Surreal Manufacturing issued 780 bonds, each with a face value of $1,000, a…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: On January 1, 2016, United Corp. issued its 9% bonds in the face amount of P 2,000,000, which mature…

A: Bonds is an investment security in which investors invest amount in exchange of regular interest…

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A: Coupon rate = 7% Price = Par value Therefore Interest rate = Coupon rate Interest rate (R) = 7%…

Q: Face amount of the bonds                                           P3,000,000 Date of issue of bonds…

A: The bonds are the financial instruments to raise money from the market. These are issued at premium…

Q: On 2/1/2012, the Union Company issued an amount of 1,500,000 dinars in the form of bonds with a…

A: Callable bonds are those bonds which can be called by the company, at any time prior to maturity,…

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A: Here,

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A: Issue Price of Bond=Present Value of Maturity amount+Maturity value of Interest payment   Present…

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A: Bonds are the instrument acknowledging debt due from one party to another party on specified future…

Q: On January 1, 2021, Battersea issued $200,000 of 8% bonds, dated January 1. Interest is payable…

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Q: On January 1, 2018, Loop Raceway issued 640 bonds, each with a face value of $1,000, a stated…

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Q: On January 1, 2011, Boyle Company issued 9% bonds in the face amount of P5,000,000 which mature on…

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A: The bonds can be issued at par, premium or discount depending on the market interest rate.

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Q: On January 1, 2021, Surreal Manufacturing issued 570 bonds, each with a face value of $1,000, a…

A: 1. Period Changes during the period     Ending bond liability balances       Interest expense…

Q: On May 1, 2016, Bench Co. issued 11% bonds in the face amount of P 1,000,000 that mature on May 1,…

A: Solution: Face amount of bond= P1,000,000 Premium on issue of bond = P62,000 Issue price of bond =…

Q: On January 1, 2018, Parker Company issued bonds with a face value of $63,000, a stated rate of…

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

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A: The remaining time until the bond matures or expires is referred to as the time to maturity.

Q: On January 1, 2016, Denver Inc. issued its 10% bonds in the face amount of P400,000, which mature on…

A: Please see Step 2 for required information.

Q: On January 1, 2018, Surreal Manufacturing issued 560 bonds, each with a face value of $1,000, a…

A: Cash Interest=Face Value×Interest rate=$560,000×3%=$16,800

Q: On January 1, 2006, Naruto Company issued its 9% bonds in face amount of P4,000,000, which mature on…

A: The bonds are issued at discount when market rate is higher than the coupon rate of bonds payable.

Q: The notes to the Thorson Ltd. financial statements reported the following data on December 31, Year…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: n January 1, 2006, Naruto Company issued its 10% bonds in the face amount of P5,000,000, which…

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Q: The following information pertains to Garden Corp.’s issuance of bonds on July 1, 1998:   Face…

A:

Q: Five-year 6% bonds were issued on January 1, 2018, sold to yield 8% interest. Interest is paid…

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Q: On January 1. 2020, Swifty Company sold 12% bonds having a maturity vallue of $450.000 for $484,117,…

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Q: On January 1, 2019, Bay Company issues bonds with a face value of $850,000 that pay 9% interest…

A:

Q: On July 1, 2015, ARC Industries Corporation issued for cash $500,000 of 20%, 10 year bonds with…

A: Given,   July 1, 2015    20% Bond issued = $500000 Interest payable semi-annually @ January 1 &…

Q: A bond issued by Ford on May 15, 1997 is scheduled to mature on May 15, 2097. If today is November…

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Q: On January 1, 2021, Surreal Manufacturing issued 570 bonds, each with a face value of $1,000, a…

A:

Q: On July 1, 2000, Car issued 9% bonds in the face amount of P1,000,000, which mature on July 1, 2010.…

A: Annual interest payment = Face value of bonds x rate of interest x no. of months/12 = P1,000,000 x…

Q: On January 1, 2015, Loop Raceway issued 600 bonds, each with a face value of $1,000, a…

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

Q: On December 31, 2016, Interlink Communications issued 6% stated rate bonds with a face amount of…

A: Price of the bond is the present value of the cash outflow at the end of the term and the present…