Question
Answer each separate question please 1) On each interest payment date, Company XYZ mails a check to the bondholders for Interest. How is this cash
Answer each separate question please
1) On each interest payment date, Company XYZ mails a check to the bondholders for Interest. How is this cash payment calculated?
2) Zacks House Builders issues bonds to raise capital. The last $100,000 of bonds were issued at a discount. How is the interest payment, interest expense and carrying value shown on the bond amortization schedule?
3) Whataburger Franchise wants to improve its Debt to Equity ratio, so it decides to retire a $24 million bond issue. At the time of retirement, the market value of the bonds was $33 million and the carrying value of the bonds is $32 million. Which of the following would be included in the journal entry to record the retirement of the bonds?
4) Information from the financial statements of Texans Corp, reveals that stockholders' equity is $600,000, total liabilities are $600,000, and total assets are $1,200,000. Using this information, calculate the company's debt to equity ratio.
5) Beatles Enterprises is in the process of preparing a Cash Slow Statement. Beatles analyzed the financial statements and additional information. Based on the statements and the additional information which transaction below would notcreate a cash flow?
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