Old MathJax webview

Old MathJax webview

subject intermediate accounting (act420)

please answered

Question 1 Reich, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from date of issue. If the bonds were issued at a premium, this indicates that Not yet answered Marked out of 20.00 Flag question the effective yield or market rate of interest exceeded the stated (nominal) rate, the nominal rate of interest exceeded the market rate. c. the market and nominal rates coincided. Od no necessary relationship exists between the two rates. Question 2 Not yet answered The amortization of a premium on bonds payable Marked out of 20.00 Flag question O a increases the cash payment to bondholders. Ob decreases the balance of the bonds payable account. Oc. increases the amount of interest expense reported. Od increases the carrying amount of the bond. A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are 19,604,145. Using effective interest amortization, how much interest expense will be recognized in 2019? Question 3 Not yet answered Marked out of 20.00 O a 1,568,498 Flag question Ob 780,000 OcE1,560,000 od 1,568,332 A company issues 20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31 The proceeds from the bonds are 19,604,145 Using effective interest amortization, what will the carrying value of the bonds be on the December 31, 2019 states Question 4 Not yet answered Marked out of 20.00 Flag question O a 20,000,000 ob 19,608,310 Oc. 19,625,125 Od 19,612,643 On January 1, 2019, Huber Co. sold 12% bonds with a face value of 600,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31 The bonds were sold for 646.200 to yield 10. Using the effective interest method of amortization interest expense for Gestion 5 Not yet answered Marked out of 20.00 Oa 64,436 Plag question Ob 72,000 OC 64,620 Od 60,000 62 on 3 et ered A company issues 20,000,000,7.8%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31 The proceeds from the bonds are 19,604,145. Using effective-interest amortization, how much interest expense will be recognized in 2019? ed out of a 1,568,498 lag stion ob 780,000 oc. 1,560,000 Od 1,568,332 Question 4 A company issues 20,000,000,78%, 20-year bonds to yield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are 19,604,145. Using effective interest amortization, what will the carrying value of the bands be on the December 31, 2019 state Not yet answered Marked out o 20 00 Flag question a 20,000,000 ob 19,608, 310 OcE19,625 125 od 619,612643 On January 1, 2019, Huber Co. sold 12% bonds with a face value of 600,000 The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for 646,200 to yield 101. Using the effective-interest method of amortization interest expense fora Question 5 Not ye answered Marked out of 2000 Flag question O 64436 Ob 72,000 OC 64,620 Od 60.000 96% 62F O D Type here to search