**PLEASE ANSWER ALL PARTS, IGNORE BUBBLED CHOICE, PLEASE SHOW HOW YOU DECIDED ON ANSWER AND CALCULATIONS **

A.

B.

C.

D.

On January 1, 20X1, when the market rate of interest was 12%, Habs Company issued five-year bonds with a maturity value of $750,000. The bonds have a 10% stated rate and pay interest semi-annually on July 1 and December 31. Requirements: 1. Calculate the bond discount as of the date of issue. 2. Calculate the bond discount balance as of January 1, 20X1. Check my work The Ness Company sells $5,000,000 of five-year, 10% bonds at the start of the year. The bonds have an effective yield of 9%. Present value factors are below: PV $1 factor 1 year PV $1 factor 2 years PV $1 factor 3 years PV $1 factor 4 years PV $1 factor 5 years 10% 9% 0.90909 0.91743 0.82645 0.84168 0.75131 0.77218 0.68301 0.70843 0.62092 0.64993 The amount of bond interest expense for Year 2 is: On January 1, 20X1, Sharp Company issued bonds with a face value of $500,000. The bonds mature in ten years and have a stated rate of 8%. Requirements: 1. Determine the selling price of the bonds if the market rate of interest was 10%. 2. Determine the selling price of the bonds if the market rate of interest was 6%. Check my work Salt Corporation issues bonds with a face amount of $10 million and a stated interest rate of 8%. The market interest rate associated with the bonds is 6%. Bond issue costs are $200,000. The bond issue costs should be recognized as a: Multiple Choice reduction of the bond premium. period expense. bond discount. O deferred charge. On January 1, 20X1, when the market rate of interest was 12%, Habs Company issued five-year bonds with a maturity value of $750,000. The bonds have a 10% stated rate and pay interest semi-annually on July 1 and December 31. Requirements: 1. Calculate the bond discount as of the date of issue. 2. Calculate the bond discount balance as of January 1, 20X1. Check my work The Ness Company sells $5,000,000 of five-year, 10% bonds at the start of the year. The bonds have an effective yield of 9%. Present value factors are below: PV $1 factor 1 year PV $1 factor 2 years PV $1 factor 3 years PV $1 factor 4 years PV $1 factor 5 years 10% 9% 0.90909 0.91743 0.82645 0.84168 0.75131 0.77218 0.68301 0.70843 0.62092 0.64993 The amount of bond interest expense for Year 2 is: On January 1, 20X1, Sharp Company issued bonds with a face value of $500,000. The bonds mature in ten years and have a stated rate of 8%. Requirements: 1. Determine the selling price of the bonds if the market rate of interest was 10%. 2. Determine the selling price of the bonds if the market rate of interest was 6%. Check my work Salt Corporation issues bonds with a face amount of $10 million and a stated interest rate of 8%. The market interest rate associated with the bonds is 6%. Bond issue costs are $200,000. The bond issue costs should be recognized as a: Multiple Choice reduction of the bond premium. period expense. bond discount. O deferred charge