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5 Please do only 5 . 2 0 , 5 . 2 1 , and 5 . 2 4 . 2 0 Corporation F purchases
Please do only and
Corporation F purchases a $ par, bond at annually on December and the bond matures in years.
a Prepare the required entries January and December
b Determine the net interest revenue for the year.
c Show how this bond would be presented on the balance sheet on December A
A year, $ bond is purchased at on January A After years elapse, the bond is sold at par. Prepare the entry for the sale.
Section
be the journal
Section
Parent Company purchases of Subsidiary Company's shares for $ During the year, Subsidiary earns net income of $ and distributes cash dividends of cents per share. This purchase is considered a longterm investment. If no significant influence was acquired, then prepare the necessary journal entries and show the investment account.
Assume the same information as in the previous problem except that significant influence has been acquired. Pre
Company G purchases shares of stock at $ per share. It then receives a stock dividend. Several months later it decides to sell shares at $ per share.
a After the stock dividend, what was the new cost per share?
b Prepare any necessary journal entries for these transactions.
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