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24 Ari Goldstein issued AED 300,000 of 11%, five-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was

24 Ari Goldstein issued AED 300,000 of 11%, five-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. (PV factor for i-5%-5 is 0.614) (Annuity PV factor for i-5%. n-5 is 7.722) With the information above answer the following questions: (15 marks) a. Is this a Par Bond, Premium Bond, or Discount Bond? (2 marks) b. How much cash did the company receive upon issuance of the bonds payable? (2 marks) c. What is the total cash paid each interest period? (2 marks) d. What is the total interest paid on 31 December 2018? (2 marks) e. What is the total premium amortized on 31 December 2018? (2 marks) f. What is carrying value of the bond on 31 December 2018? (3 marks) g. At maturity what will be total interest paid on the bond? (2 marks) Show all workings for full credit. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px Click Save and Submit to save and submit. Click Save All Answers to save all answers. > Av L MacBook Proimage text in transcribed

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