32) Assume that Darby Company issues a ten-year $100,000, 6% bond to January 1, 2020 and interest payments are due on December 31" of ec On December 31, 2020 the company paid the bondholder the annual The journal entry to record the first payment on December 31, 2020 W A. a debit to interest expense of $ 6,000.00 B. a debit to interest expense of $ 3.000.00 c. a credit to bond premium of $ 2.232.19 D. a debit to bond premium of $ 2.232.19 E none of the above Your Answer 33) Savannah Company is buying Tommy Company. The following information is available for Tommy Company on the day of Accounts Receivable Inventory Land 290,000 200,000 400,000 Savannah Company estimates that, the Accounts Receivable are worth $275,000, the inventory is worth $175 The Note Payable debt is payable interest only at 10% per year for the ne The current interest rate for similar debt is 10% Everything else is worth it Savannah will pay $1,000,000 for Tommy Company. How much of the purchase price will Savannah debit to goodwill? A. $ 200,000.00 B. $ 190,052.59 C. $ 151,730.12 D. $ 210,692.05 E. Some other number which is not here Your Answer 34) Still on Savannah, everything is the same except the current interest ra Tommy's is 8%. How much of the purchase price will Savannah debitt A. $ 200,000.00 B. $ 194,154.19 C. $ 151,730.12 D. $ 205,154.19 E. Some other number which is not here Your Answer numbe waist pathe 32) Assume that Darby Company issues a ten-year $100,000, 6% bond to January 1, 2020 and interest payments are due on December 31" of ec On December 31, 2020 the company paid the bondholder the annual The journal entry to record the first payment on December 31, 2020 W A. a debit to interest expense of $ 6,000.00 B. a debit to interest expense of $ 3.000.00 c. a credit to bond premium of $ 2.232.19 D. a debit to bond premium of $ 2.232.19 E none of the above Your Answer 33) Savannah Company is buying Tommy Company. The following information is available for Tommy Company on the day of Accounts Receivable Inventory Land 290,000 200,000 400,000 Savannah Company estimates that, the Accounts Receivable are worth $275,000, the inventory is worth $175 The Note Payable debt is payable interest only at 10% per year for the ne The current interest rate for similar debt is 10% Everything else is worth it Savannah will pay $1,000,000 for Tommy Company. How much of the purchase price will Savannah debit to goodwill? A. $ 200,000.00 B. $ 190,052.59 C. $ 151,730.12 D. $ 210,692.05 E. Some other number which is not here Your Answer 34) Still on Savannah, everything is the same except the current interest ra Tommy's is 8%. How much of the purchase price will Savannah debitt A. $ 200,000.00 B. $ 194,154.19 C. $ 151,730.12 D. $ 205,154.19 E. Some other number which is not here Your Answer numbe waist pathe
