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11st one was wrong because i went into the decimal lol, but guidance and answers for the next portion are very much appreciated! On January
11st one was wrong because i went into the decimal lol, but guidance and answers for the next portion are very much appreciated!
On January 1, 2018, Hudson Corporation issued $170,000 par value, 5-year, zero-coupon bonds. The market rate of interest on the date of the bond issue was 8%. The company's fiscal year ends on December 31. Read the requirements. (Click the icon to view the Future Value of $1 table.) (Click the icon to view the Future Value of an ordinary Annuity table.) (Click the icon to view the Future Value of an Annuity Due table.) (Click the icon to view the Present Value of $1 table.) (Click the icon to view the Present Value of an Ordinary Annuity table.) (Click the icon to view the Present Value of an Annuity Due table.) places, X.XXXXX. Round your final answers to the nearest whole dollar.) The issue price of the debt is $ 115,699 Requirement b. Prepare the amortization table for the bond issue through January 1, 2021, assuming that Hudson uses the effective interest rate method of amortization. (Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table. For entries with a $0 amount, make sure to enter "0" in the appropriate column.) Cash Effective Discount/Premium Carrying Date Interest Interest Amortization Value January 1, 2018 13600 0 Janua 1, 2019 January 1, 2020 13600 0 13600 0 January 1, 2021Step by Step Solution
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