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I want to get all the correct answers, big thanks!!! and also the working steps UUN SITUWS Your responses and what was marked correct and
I want to get all the correct answers, big thanks!!!
and also the working steps
UUN SITUWS Your responses and what was marked correct and incorrect from your previous attempt. equipment. The company's board of directors authorized a bond issue on January 1 of this year with the following terms: (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) 10 Part 3 of 3 Face (par) value: $805,000 Coupon rate: 8 percent payable each December 31 Maturity date: December 31, end of Year 5 Annual market interest rate at issuance: 12 percent 0.17/0.5 points awarded 10-15 Part 3 Scored 3. Assume that the company used the effective interest amortization nethod. Compute the following for Year 1 through Year 5: (Round your final inswers to nearest whole dollar amount.) a. Cash payment for bond interest. b. Bond interest expense. Bond Amortization Schedule Cash Interest Amortization Payment Expense of Discount Date Net Liability $ 688,906 $ 707,175 64,400 $ 82,669 18,269 $ $ 64,400 84,861 $ 20,461 $ 727,636 Issuance End of Year 1 End of Year 2 End of Year 3 End of Year 4 End of Year $ 64,400 GA 87,316 $ 22,916 $ 750,552 $ 64,400 90,066 $ 25,666 $ 776,218 $ S 64,400 $ 93,146 $ 804,964 28,746 Step by Step Solution
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