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Presented below are four independent situations. On March 1, 2015, Wilke Co. issued at 104 plus accrued interest $4,476,000, 9% bonds. The bonds are dated
Presented below are four independent situations. On March 1, 2015, Wilke Co. issued at 104 plus accrued interest $4,476,000, 9% bonds. The bonds are dated January 1, 2015, and pay interest semiannually on July 1 and January 1. In addition, Wilke Co. incurred $26,800 of bond issuance costs. Compute the net amount of cash received by Wilke Co. as a result of the issuance of these bonds. (Round answer to 0 decimal places, e.g. 38,548.) Net amount of cash received On January 1, 2014, Langley Co. issued 9% bonds with a face value of $709,900 ofr $666,278 to yield 10%. The bonds are dated January 1, 2014, and pay interest annually. What amount is reported ofr interest expense in 2014 related to these bonds, assuming that Langley used the effective-interest method ofr amortizing bond premium and discount? (Round answer to O decimal places, e.g. 38,548.) Interest expense to be reported ofr 2014 Tweedie Building Co. has a number of long-term bonds outstanding at December 31, 2014. These long-term bonds have the ofllowing sinking fund requirements and maturities ofr the next 6 years
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