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State and federal laws govern bond issuances. Bond issuers cannot violate any of the existing contractual agreements when issuing bonds. Authorization of bond issuances includes the number of bonds authorized, their par value, and the contract interest rate. What are the contract rate and market rate for bonds? Why can they be different? With these thoughts in mind: Post an initial statement by Day 3 that expresses your thoughts on the differences between the contract rate and market rate for bonds. The length of your response(s) should be a minimum of 150 words.
Company purchased land for $84,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a n
Interest upon how much of the mortgage can they deduct for regular tax purposes and where is it deducted if it is deductible? Interest upon how much of the mortgage can they
Jensen Tire had two large shipments in transit at Decmber 31. Once was $130,000 inbound shipment of merchandise which arrived at Jensen's receiving docs on January 2. What amo
Zwick Company bought 28,000 shares of the voting common stock of Handy Corporation in January 2013. In December, Handy announced $200,500 net income for 2013 and declared and
On March 1, 2014, Eric Keene and Abigail McKee form a partnership. Keene agrees to invest $21,100 in cash and merchandise inventory valued at $55,900. McKee invests certain bu
Melissa's adjusted basis in her Statesboro Partnership interest was $32,000 when she received a nonliquidating distribution of $13,000 cash and a property with an AB to States
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The corporate treasurer of Rollinsford Company expects the company to grow at 3% in the future, and debt securities at 4% interest (tax rate = 35%) to be a cheaper option to f
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