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19) The current carrying value of Lane's $800.000 face value bonds is $797.000. If the bonds are retired at 103. what would be the amount
19) The current carrying value of Lane's $800.000 face value bonds is $797.000. If the bonds are retired at 103. what would be the amount Lane would pay its bondholders? a $797.000 b$800.000 c. $820.910 d. $824.000 20) Robin Corporation retires its $800.000 face value bonds at 104 on January 1, following the payment of annual interest. The carrying value of the bonds at the redemption date is $829,960. The entry to record the redemption will include a a credit of $2,040 to Loss on Bond Redemption b. debit of $2,040 to Loss on Bond Redemption C. credit of $32,040 to Premium on Bonds Payable. d. debit of $32,000 to Premium on Bonds Payable 21) Taylor Corporation issues 20,000 shares of $50 par value preferred stock for cash at $90 per share. In the stockholders' equity section, the effects of the transaction above will be reported a entirely within the capital stock section b. entirely within the additional paid-in capital section C under both the capital stock and additional paid-in capital sections. d. entirely under the retained earnings section Anastasia Corporation began business by issuing 600,000 shares of $5 par value common stock for $24 per share. During its first year, the corporation sustained a net loss of $60,000. The year-end balance sheet would show a. Common stock of $3,000,000 b. Common stock of $14,400.000 c. Total paid-in capital of $14,340,000. d. Total paid-in capital of $11,400,000
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