Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me step by step Appendix EX 14-21 Present value of bonds payable discount Pinder o produce and sells high-quality video game. To finance

please help me step by step
image text in transcribed
image text in transcribed
Appendix EX 14-21 Present value of bonds payable discount Pinder o produce and sells high-quality video game. To finance its operation Pinder Consued $25,000,000 of five-year bonds with interest payable semiannu ally, at a market effective interest rate of the present value of the bonds payable, using the present value talles in Eschbessed 10. Hound to the nearest dobar Appendix 1 EX 14-22 Present value of bonds payable premium Moss Co issued $12,000,000 of five year, 115 honds, with interest payable semiannu ally, at a market (effective interesate of Determine the present value of the bonds puyabile using the present value tables in his and 30 Round to the nearest dollar Appendix 2 EX 14-23 Amortize discount by interest method On the first day of its fiscal year, thert Company is $50,000,000 of 10 year, bonds to finance its operation Interest is payables the hands were issued at a market effective interest rate of resulting in ther Company receiving cash of 545.65.895. The company uses the interest method a. Journaline the entries to record the following 1. Sale of the boods 2. First semiannual interest payment, including studie of discount Hound to the dor Second semiannual interest payment, including motion of discount. Round to the nearest Compute the amount of the band interest expense for the fine your c. Explain why the company was the time the hands for only $13,195.295 rather thin for the face amount of $50,000,000 PE 16-1A Classifying cash flow O Identify whether cach of the following would be reported as an operating investing, or financing activity on the statement of cash the 2. Retirement of bonds payable d. Repechase of common stock h. Purchase of inventory for cash Payment of an alle Galles Doslow PE 16-2A Adjustments to net income---indirect method Tipley Corporation accumulated depreciation-uile Cincreased by $11.575, while $2.500 of patent amortization was recognised hetween halance sheet dates. There were no purchases of sales of depreciable or intangible during the year addi tion, the income statement showed a lot of $500 from the sale of land. Reconcile a net income of $224.500 to net cash flow from operating activities PE 16-3A Changes in current operating assets and abilities-indirect method OS Zwilling Corporation's comparative balance sheet for current sets and abilities was as follows: Dec 12 Dec 31, Accounts receivable Inventory Alle Dividends payable Adjust net income of $320,000 for changes in operating acts and liabilities to arrive at net cash flow from operating activities Appendix 1 EX 14-21 Present value of bonds payable; discount Pinder Co, produces and sells high-quality video equipment. To finance its operations, Pinder Co. issued $25,000,000 of five year, 7% bonds with interest payable semiannu- ally, at a market effective interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibits and 10. Round to the nearest dollar Appendix 1 EX 14-22 Present value of bonds payable: premium Moss Co. issued $12,000,000 of five-year, 115 bonds, with interest payable semiannu- ally, at a market (effective interest rate of 9%. Determine the present value of the bonds payable using the present value tables in Exhibits 8 and 10. Round to the nearest dollar Appendix 2 EX 14-23 Amortize discount by interest method On the first day of its fiscal year, thert Company med $50,000,000 of 10 year, 7% honds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective interest rate of 9%, resulting in the Company receiving cash of $43,095,895. The company uses the interest method a. Journalize the entries to record the following: 1. Sale of the bonds 2. First semiannual interest payment, including amortization of discount. Round to the nearest dollar 3. Second semiannual interest payment, including amortization of discount. Round to the nearest dollar b. Compute the amount of the band interest expense for the first year c. Explain why the company was able to issue the hands for only $13,195 895 rather than for the face amount of $50,000,000 PE 16-1A Classifying cash flows OB Identify whether cach of the following would he reported as an operating investing or financing activity on the statement of cash flows: a. Retirement of bonds payable d. Repurchase of common stock 1. Purchase of inventory for cash c. Payment of accounts payable . Cash sales Disposal of equipment 1. PE 16-2A Adjustments to net income-Indirect method Ripley Corporation accumulated depreciation-furniture account increased by $11.575, while $2.500 of patent amortization was recognized herween halance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addi tion, the income statement showed a loss of $3,400 from the sale of land. Meconcile a net income of $224,500 to net cash flow from operating activities PE 16-3A Changes in current operating assets and liabilities-indirect method 32 Zwilling Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec 31, Yara Dec. 31.1 Accounts receivable $35,000 539.500 Inventory 22.500 Accounts payable 1.500 Dividends payable 43.200 53.100 Adjust net income of $320,000 for changes in operating acts and liabilities to arrive at net cash flow from operating activities Appendix EX 14-21 Present value of bonds payable discount Pinder o produce and sells high-quality video game. To finance its operation Pinder Consued $25,000,000 of five-year bonds with interest payable semiannu ally, at a market effective interest rate of the present value of the bonds payable, using the present value talles in Eschbessed 10. Hound to the nearest dobar Appendix 1 EX 14-22 Present value of bonds payable premium Moss Co issued $12,000,000 of five year, 115 honds, with interest payable semiannu ally, at a market (effective interesate of Determine the present value of the bonds puyabile using the present value tables in his and 30 Round to the nearest dollar Appendix 2 EX 14-23 Amortize discount by interest method On the first day of its fiscal year, thert Company is $50,000,000 of 10 year, bonds to finance its operation Interest is payables the hands were issued at a market effective interest rate of resulting in ther Company receiving cash of 545.65.895. The company uses the interest method a. Journaline the entries to record the following 1. Sale of the boods 2. First semiannual interest payment, including studie of discount Hound to the dor Second semiannual interest payment, including motion of discount. Round to the nearest Compute the amount of the band interest expense for the fine your c. Explain why the company was the time the hands for only $13,195.295 rather thin for the face amount of $50,000,000 PE 16-1A Classifying cash flow O Identify whether cach of the following would be reported as an operating investing, or financing activity on the statement of cash the 2. Retirement of bonds payable d. Repechase of common stock h. Purchase of inventory for cash Payment of an alle Galles Doslow PE 16-2A Adjustments to net income---indirect method Tipley Corporation accumulated depreciation-uile Cincreased by $11.575, while $2.500 of patent amortization was recognised hetween halance sheet dates. There were no purchases of sales of depreciable or intangible during the year addi tion, the income statement showed a lot of $500 from the sale of land. Reconcile a net income of $224.500 to net cash flow from operating activities PE 16-3A Changes in current operating assets and abilities-indirect method OS Zwilling Corporation's comparative balance sheet for current sets and abilities was as follows: Dec 12 Dec 31, Accounts receivable Inventory Alle Dividends payable Adjust net income of $320,000 for changes in operating acts and liabilities to arrive at net cash flow from operating activities Appendix 1 EX 14-21 Present value of bonds payable; discount Pinder Co, produces and sells high-quality video equipment. To finance its operations, Pinder Co. issued $25,000,000 of five year, 7% bonds with interest payable semiannu- ally, at a market effective interest rate of 9%. Determine the present value of the bonds payable, using the present value tables in Exhibits and 10. Round to the nearest dollar Appendix 1 EX 14-22 Present value of bonds payable: premium Moss Co. issued $12,000,000 of five-year, 115 bonds, with interest payable semiannu- ally, at a market (effective interest rate of 9%. Determine the present value of the bonds payable using the present value tables in Exhibits 8 and 10. Round to the nearest dollar Appendix 2 EX 14-23 Amortize discount by interest method On the first day of its fiscal year, thert Company med $50,000,000 of 10 year, 7% honds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective interest rate of 9%, resulting in the Company receiving cash of $43,095,895. The company uses the interest method a. Journalize the entries to record the following: 1. Sale of the bonds 2. First semiannual interest payment, including amortization of discount. Round to the nearest dollar 3. Second semiannual interest payment, including amortization of discount. Round to the nearest dollar b. Compute the amount of the band interest expense for the first year c. Explain why the company was able to issue the hands for only $13,195 895 rather than for the face amount of $50,000,000 PE 16-1A Classifying cash flows OB Identify whether cach of the following would he reported as an operating investing or financing activity on the statement of cash flows: a. Retirement of bonds payable d. Repurchase of common stock 1. Purchase of inventory for cash c. Payment of accounts payable . Cash sales Disposal of equipment 1. PE 16-2A Adjustments to net income-Indirect method Ripley Corporation accumulated depreciation-furniture account increased by $11.575, while $2.500 of patent amortization was recognized herween halance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addi tion, the income statement showed a loss of $3,400 from the sale of land. Meconcile a net income of $224,500 to net cash flow from operating activities PE 16-3A Changes in current operating assets and liabilities-indirect method 32 Zwilling Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec 31, Yara Dec. 31.1 Accounts receivable $35,000 539.500 Inventory 22.500 Accounts payable 1.500 Dividends payable 43.200 53.100 Adjust net income of $320,000 for changes in operating acts and liabilities to arrive at net cash flow from operating activities

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

More Books

Students also viewed these Accounting questions