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HELP?!? At the last election, Charlotte ISD received authorization to issue new bonds. The School District issues $10 million in bonds on January 1, 2021

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At the last election, Charlotte ISD received authorization to issue new bonds. The School District issues $10 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below: Date Cash Paid Interest Increase in Carrying Expense Carrying Value Value 01/01/2021 $8,800,000 06/30/2021 $400,000 $440,000 $40,000 8,840,000 12/31/2021 400,000 442,000 42,000 8,882,000 By analyzing this bond amortization schedule, one can determine that the bonds were issued at: Multiple Choice $10,000,000. $8,882,000, $8,800,000. $8,840,000. Whataburger Franchise wants to improve its Times Interest Earned, so it decides to retire a $20 million bond issue. At the time of retirement, the market value of the bonds was $23 million and the carrying value of the bonds is $18 million. Which of the following would be included in the journal entry to record the retirement of the bonds? Multiple Choice A debit of $5 million to a loss account. A credit of $5 million to a gain account. O O OO No gain or loss on retirement A credit to cash for $18 million. 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. o o o o

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