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i need the answer as soon as possiple please 1. How are bonds payable usually classified on the balance sheet a. Current Liabilities b. Long-Term
i need the answer as soon as possiple please 1. How are bonds payable usually classified on the balance sheet a. Current Liabilities b. Long-Term Liabilities c. Investment and funds d. Other assets On Januarys 1, Year 1, Williams Corporation issued $200,000 of callable bonds at face value. The bonds carried a 2% call premium (102%). If williams calls the bonds, how would this event affect the company's accounting equation? 2. Decrease stockholder's equity by $4,000 Decrease liabilities by $200,000 Decrease assets by $204,000 All of the above are correct a. b. c. d. Which of the following describes what happen when bonds are issued with the market interest rate is less than the stated interest rate? 3. a. The bonds are issued at a premium b. The bonds are issued at less than their face value. c. It raises the effective interest rate above the stated rate of interest d. The bonds are issued at a premium and the effective interest rate is higher than the stated rate. On January 1, Year 1, Jones Company issued bonds with a $200,000 face value, a stated interest rate of 7.5%, and a 5-year term to maturity. The bonds were issued at 97. Interest is payable in cash on December 31t of each year. The company amortizes bond discounts and premiums using the straight-line method. 4. What is the interest expense shown on Jones' income statement for the year ending December 31, Year 1? a. $16,200 b. $21,000 c. $15,000 d. $13,800
i need the answer as soon as possiple please
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