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Please help me ASAP in the next hour (I will like ur answers if correct) thank you!! Answer both please Bramble Corporation retires its bonds
Please help me ASAP in the next hour (I will like ur answers if correct) thank you!! Answer both please
Bramble Corporation retires its bonds at 107 on January 1 , following the payment of annual interest. The face value of the bonds is $798000. The carrying value of the bonds at the redemption date is $846860. The entry to record the redemption will include a debit of $48860 to Premium on Bonds Payable. credit of $6980 to Gain on Bond Redemption. debit of $55860 to Premium on Bonds Payable. credit of $48860 to Loss on Bond Redemption. Current Attempt in Progress The current balance sheet of Sunland Inc. reports total assets of $24 million, total liabilities of $6 million, and stockholders' equity of $18 million. Sunland is considering several financing possibilities in order to expand operations. What will be the effect on Sunland's debt to assets ratio if Sunland issues an additional $8 million in stock to finance its expansion? The debt to assets ratio will decrease from 6/18 before to 6/30 after the additional stock sale. The debt to assets ratio will decrease from 0.2500(6/24) to 0.1875(6/32) after the additional stock sale. The debt to assets ratio will increase from 24 before to 32 after the additional investment. The additional stock issuance will have no effect on the debt to assets ratioStep by Step Solution
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