On January 1, Year 1, A Company purchased P500,000, 12% bonds of Erika Company for P464,882, a price that yields 14%. Interest on these bonds is payable every June 30 and December 31. The bonds mature on December 31, Year 5. On May 31, Year 4, to pay the maturing obligation, Tina sold P200,000 face value bonds at 102 (including accrued interest). Market value of the bonds on different dates is as follows:

Q: On January 1, 2019, Mayleen Company issued 5,000 convertible bonds with P1,000 face value per bond.…

A: Equity component = Issue price of the bonds - fair value of the bond without the conversion…

Q: On

A:

Q: 9. on July 1, 2018, Joalin Company purchased Heyoon Company ten-year, 8% bonds with a face amount of…

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A: Correct option is a. $142 Unrealized gain or loss recorded under OCI under December 31 year 1 is…

Q: On January 1 of the current year, Baker Corp. purchased $50,000 of Chocolate Inc. bonds. These bonds…

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Q: On January 1 of this year, the carrying value of XYZ Inc's bonds was $750,590. The face value of…

A: Carrying value of bonds = $ 750590 Face value of bonds = $ 760000 Gain or loss on redemption of…

Q: On January 1, 2010, Rambutan Corporation purchased debt securities for cash of P765,540. The…

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Q: On January 1, 20x1, POTENT POWERFUL Co. issued 12% bonds with face amount of P4,000,000 for…

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Q: Megan, Inc., sold $500,000 of its 9%, five-year bonds dated January 1, 2018, on May 1, 2018, for…

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Q: On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 10-year, 7% bonds for…

A: Total amount of premium = Issue price - Face value = $1,050,000 - $1,000,000 = $50,000

Q: On August 1, 2021, Excel Company purchased at par P5million bonds with stated interest rate of 12%…

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A: Interest accrued = face value of bonds x rate of interest x no. of months/12 = 1000000*6%*12/12 =…

Q: Assume that the bonds were classified as debt investments at fair value through profit or loss.…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: On January 1, 20x1, SPEED Company purchased 12% bonds, having a face value of P800,000. The bonds…

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Q: What was the effect of W's purchase of XYZ's bond on the retained earnings amount reported in XYZ's…

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Q: On October 1, 2006, Brick purchased 100 of the $1,000 face value, 8% bonds of Ice, Inc., for…

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Q: ABC Company , a holder of P1,000,000 XYZ Company bonds, collected the interest due on March 31, year…

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Q: Barbie originally issued 5,000,000 face value bonds at 105 or a premium of 250,000.  Subsequently,…

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Q: On January 1, Year 1, Grow Company purchased P 1,000,000, 12% bonds of Glow Company for P 1,063,394,…

A:

Q: Metro Company purchased $500,000, 10%, 5-year bonds on January 1, 20x1, with interest payable on…

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Q: The Ripkin Company purchased 10%, $400,000 bonds of the Batter Up Company at par plus accrued…

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Q: On January 1, 2021, Braburt Co. sold six-year, 5% bonds with a face value of $700,000. Interest is…

A: Introduction:- A bond is a document of the bond issuer's obligation to the bondholders. Municipal…

Q: "Oh January 1, 2019, TYP Company purchased P1,200,000, 14% bonds of PSY Company for P1,352,143, a…

A: Answer : Option d - Answer not given

Q: On January 1, 2021, Rupar Retailers purchased $130,000 of Anand Company bonds at a discount of…

A: So here in this case, When bond is purchased for less than its face value of bond then bond is known…

Q: On January 1, Year 1 Narito Company purchased a P100,000 face value 5-year bond of Wolf Corporation…

A: SOLUTION- Bond: When the company needs money, the company issues fixed-income security that the…

Q: On January 1, Year 1, Narito Company purchased P100,000 face value 5-year bond of Wolf Corporation…

A: Impairment Loss Impairment can happen as a consequence of one-time or unique occurrences, such as a…

Q: On January 1, 20x1, Silent Co. issued 1,000 bonds with face amount of P4,000 each for a total of…

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Q: Rumpi Company purchased $50,000 of 7 percent bonds of Evermistress Corporation on January 1, 2015,…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: On May 1, 2010, Kirmer Corp. purchased $450,000 of 12% bonds, interest payable on January 1 and July…

A: Bonds are a form of debt or loan issued by the company, on which company has to make regular…

Q: On January 1, 20x6, SAM COMPANY. issued 3-year bonds with a face value of P3,000,000 for P2,850,756.…

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Q: On January 1, 2018, CEBU Company purchased 12% bonds, having a maturity value of P800,000, for…

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Q: On January 1, Year 1, Tina Company purchased bonds with face value of P4,000,000 for P4,206,000. The…

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Q: On January 1, 2018,Coley Corporation purchased $400,000 par value 4% bonds that mature on December…

A:

Q: Falcon Company purchased 10% bonds with a face value of $200,000 at par plus accrued interest on…

A: Correct option with explanation are as follows

Q: On October 1, 2010, Tender Corporation issued Rs. 500,000 of 9 percent bonds at 96. The bonds are…

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A:

Q: On January 1, 2018, West Company purchased $600,000 of 6%, 5-year bonds, as an available-for-sale…

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Q: On January 1, Year 1, Tina Company purchased P500,000, 12% bonds of Erika Company for P464,882, a…

A: Working Notes :-                       Company intended to collect the principal and…