{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T22:10:27-04:00", "answer_date": "2024-05-28 22:10:27", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1861439", "url": "\/study-help\/questions\/stang-corporation-issued-to-bradley-company-620000-par-value-10year-1861439", "question_creation_date_js": "2024-05-28T22:10:27-04:00", "question_creation_date": "May 28, 2024 10:10 PM", "meta_title": "[Solved] Stang Corporation issued to Bradley Compa | SolutionInn", "meta_description": "Answer of - Stang Corporation issued to Bradley Company $620,000 par value, 10-year bonds with a coupon rate of 11 percent on Janu | SolutionInn", "meta_keywords": "stang,corporation,issued,bradley,company,$620,000,par,value,10-year,bonds,coupon,rate", "question_title_h1": " Stang Corporation issued to Bradley Company $620,000 par value, 10-year bonds with a coupon rate of 11 percent on January 1, 20X5, at 104.", "question_title": " Stang Corporation issued to Bradley Company $620,000 par value, 10-year bonds", "question_title_for_js_snippet": "Stang Corporation issued to Bradley Company $620,000 par value, 10 year bonds with a coupon rate of 11 percent on January 1, 20X5, at 104 The bonds pay interest semiannually on July 1 and January 1 On January 1, 20X8, Purple Corporation purchased $155,000 of the bonds from Bradley for $161,000 Purple owns 60 percent of the voting common shares of Stang and prepares consolidated financial statements Required a Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X8 (If no entry is required for a transaction event, select No journal entry required in the first account field Do not round your intermediate calculations Round your final answers to nearest whole dollar ) view transaction list Consolidation Worksheet Entries A B Record the entry to eliminate the effects of the intercompany ownership in bonds for 20X8 Note Enter debits before credits Event 1 Accounts Debiti Credit", "question_description": "\"image\"image\"image", "transcribed_text": "Stang Corporation issued to Bradley Company $620,000 par value, 10-year bonds with a coupon rate of 11 percent on January 1, 20X5, at 104. The bonds pay interest semiannually on July 1 and January 1. On January 1, 20X8, Purple Corporation purchased $155,000 of the bonds from Bradley for $161,000. Purple owns 60 percent of the voting common shares of Stang and prepares consolidated financial statements. Required: a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X8. (If no entry is required for a transaction\/event, select \"No journal entry required\" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) view transaction list Consolidation Worksheet Entries A B Record the entry to eliminate the effects of the intercompany ownership in bonds for 20X8. Note: Enter debits before credits. Event 1 Accounts Debiti Credit", "related_book": { "title": "Cornerstones Of Cost Management", "isbn": "9781305147102, 1285751787, 1305147103, 978-1285751788", "edition": "3rd Edition", "authors": "Don R. Hansen, Maryanne M. Mowen", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/493.jpg", "uri": "\/textbooks\/cornerstones-of-cost-management-3rd-edition-493", "see_more_uri": "" }, "free_related_book": { "isbn": "0473349116", "uri": "\/textbooks\/the-accounting-jungle-4th-edition-978-0473349110-233601", "name": "The Accounting Jungle", "edition": "4th Edition" }, "question_posted": "2024-05-28 22:10:27", "see_more_questions_link": "\/study-help\/questions\/business-business-communication-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/nature-of-mathematics\/solve-the-inequalities-in-problems-4150-75a-2a--1236790", "description": "Solve the inequalities in Problems 4150. 7-5A \n \n \n \n Answered: 1 week ago", "stars": 3 }, { "url": "\/shop-for-a-product-of-your-choice-on-amazoncom-do", "description": "Shop for a product of your choice on Amazon.com. 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