Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 1, 2020, Arigato LLC issued 10-year bonds with a face amount of $8 million and a stated interest rate of 8% payable annually

image text in transcribed
image text in transcribed
On January 1, 2020, Arigato LLC issued 10-year bonds with a face amount of $8 million and a stated interest rate of 8% payable annually on January 1. The bonds were priced to yield 10%. Future Value and Present Value factors are as follows: At 8% At 10% 2.159 2.594 Future value of 1 for 10 periods Future value of an ordinary annuity of 1 for 10 periods 15.645 17.531 At 8% At 10% 0.463 0.386 Present value of 1 for 10 periods Present value of an ordinary annuity of 1 for 10 periods The total issue price of the bonds was: $ 6.710 6.145 Use commas, as needed. of 3 - Exam #2_Fill In The Blank Question 37 of 45 3 Points Arigato LLC had the following balances for net income and pretax gains and losses on June 30: Net income Loss on discontinued operations Unrealized gain on trading security Foreign currency translation gain $ 39 (11) 20 15 The company's effective tax rate is 40% What amount should Arigato LLC report as comprehensive income for the year ended June 307 S

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Textbook For Students And Researchers

Authors: Mukhiddin Kalonov

1st Edition

6206174077, 978-6206174073

More Books

Students also viewed these Accounting questions