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2nd picture are the answers. please explain step by step on how I could get the answer please! thank you! Alpha Company issued 10% bonds,

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2nd picture are the answers. please explain step by step on how I could get the answer please! thank you!

Alpha Company issued 10% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $741,862 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and Dece mber 31. Assume Alpha determines interest at the effective rate. Fiscal year ends on December 31. (Do not add dollar sign, do not add comma by yourself to your amount; round the answer to the whole number; use minus sign if the amount is negative) Answer the following questions: 1. What is the amount related to the bonds that Alpha will report in its balance sheet at December 31, 2021? [a) 2. What is the amount related to the bonds that Alpha will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) [b] 3. What is the amount related to the bonds that Alpha will report in its statement of cash flows for the year ended December 31, 2021? Ind icate the category in which to classify cash flows. (c) activities (d), (e) activities [1] 4. Assume the fiscal year ends on October 31, what is the carrying value of bonds that Alpha will report in its balance sheet at October 31, 2021? 5. Assume the fiscal year ends on October 31, what is the amount related to the bonds that Alpha will report in its income statement for the year ended October 31, 2021? [h] 6. Assume Benjamin Company purchased the entire bond issue from Alpha on January 1, 2021. Benjamin is holding the bonds as trading securities. The fair value of the bonds on December 31, 2021 is $745,611. Assume Benjamin's fiscal year ends on December 31, what is the amount related to the bond investment that Benjamin will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) 19] Correct Answer 743511 Correct Answer 81649 Correct Answer operating financing Correct Answers for a Evaluation Method Exact Match Correct Answers for: 6 Evaluation Method Exact Match Correct Answers for: Evaluation Method Exect Match Exact Match Correct Answers for:d Evaluation Method Exact Match Exact Match Correct Answers for Evaluation Method Exect Match Exact Match Correct Answers for: Evaluation Method Exact March Exact Match Correct Answers for Evaluation Method Exact Match Correct Answers for:h Evaluation Method Exact Match Correct Answers for: Correct Answer -80000 741862 Correct Answer operating financing Correct Answer 80000 74162 Correct Answer 743229 Correct Answer 68033 Evaluation Method Exoce Match Correct Answer 83749 Alpha Company issued 10% bonds, dated January 1, with a face amount of $800,000 on January 1, 2021. The bonds sold for $741,862 and mature in 2035 (15 years). For bonds of similar risk and maturity the market yield was 11%. Interest is paid semiannually on June 30 and Dece mber 31. Assume Alpha determines interest at the effective rate. Fiscal year ends on December 31. (Do not add dollar sign, do not add comma by yourself to your amount; round the answer to the whole number; use minus sign if the amount is negative) Answer the following questions: 1. What is the amount related to the bonds that Alpha will report in its balance sheet at December 31, 2021? [a) 2. What is the amount related to the bonds that Alpha will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) [b] 3. What is the amount related to the bonds that Alpha will report in its statement of cash flows for the year ended December 31, 2021? Ind icate the category in which to classify cash flows. (c) activities (d), (e) activities [1] 4. Assume the fiscal year ends on October 31, what is the carrying value of bonds that Alpha will report in its balance sheet at October 31, 2021? 5. Assume the fiscal year ends on October 31, what is the amount related to the bonds that Alpha will report in its income statement for the year ended October 31, 2021? [h] 6. Assume Benjamin Company purchased the entire bond issue from Alpha on January 1, 2021. Benjamin is holding the bonds as trading securities. The fair value of the bonds on December 31, 2021 is $745,611. Assume Benjamin's fiscal year ends on December 31, what is the amount related to the bond investment that Benjamin will report in its income statement for the year ended December 31, 2021? (Ignore income taxes.) 19] Correct Answer 743511 Correct Answer 81649 Correct Answer operating financing Correct Answers for a Evaluation Method Exact Match Correct Answers for: 6 Evaluation Method Exact Match Correct Answers for: Evaluation Method Exect Match Exact Match Correct Answers for:d Evaluation Method Exact Match Exact Match Correct Answers for Evaluation Method Exect Match Exact Match Correct Answers for: Evaluation Method Exact March Exact Match Correct Answers for Evaluation Method Exact Match Correct Answers for:h Evaluation Method Exact Match Correct Answers for: Correct Answer -80000 741862 Correct Answer operating financing Correct Answer 80000 74162 Correct Answer 743229 Correct Answer 68033 Evaluation Method Exoce Match Correct Answer 83749

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