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On Question 130 & 131 please A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date
On Question 130 & 131 please A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, after the bond interest was paid and after 40% of the premium had been amortized, the corporation purchased the entire issue on the open market at 99 and retired it. The gain or loss on this retirement is: On August 1, a $30,000, 6%,3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest be paid each year on July 31. The present value of an annuity factor for 3 years at 6% is 2.6730. the payment each July 31 will be
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Question 130 & 131 please
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