Crood inc sells 1000000 general obligation bonds for 9800

Assignment Help Accounting Basics
Reference no: EM13590949

Crood, Inc. sells $1,000,000 general obligation bonds for $98.00. The interest rate on the bonds, paid quarterly, is 6%.

a. Calculate the amount that the company will actually receive from the sale of the bonds.

b. Calculate the amount of both the quarterly and the total annual cash interest that the company will be required to pay,

1. Quarterly

2. Annual

Reference no: EM13590949

Questions Cloud

In addition to the brand value what other unrecorded ie : in addition to the brand value what other unrecorded i.e. internally developed intangibles would you expect an
Then every fifth etc all the way to every 500th person : imagine there are 500 people lined up in a row each person is holding out one palm and it is face down. then every
Wages earned from july 1st through december 31st was 480000 : wages earned from july 1st through december 31st was 480000. wages earned between dec. 15th and dec 31st amounting to
According to the companys records the conversion cost in : according to the companys records the conversion cost in beginning work in process inventory was 79893 at the beginning
Crood inc sells 1000000 general obligation bonds for 9800 : crood inc. sells 1000000 general obligation bonds for 98.00. the interest rate on the bonds paid quarterly is 6.a.
If no new debt was issued during the year what is the cash : titan football manufacturing had the following operating results for 2010 sales 19780 cost of goods sold 13980
On january 1 2012 alison inc paid 91200 for a 40 percent : on january 1 2012 alison inc. paid 91200 for a 40 percent interest in holister corporations common stock. this investee
A company increased the selling price for its product from : a company increased the selling price for its product from 5 to 6 per unit when total fixed expenses increased from
Despite its many drawbacks with the code some folks think : despite its many drawbacks with the code some folks think that it does raise and support collection of large sums of

Reviews

Write a Review

Accounting Basics Questions & Answers

  The accounting manager has informed you that the cash

the accounting manager has informed you that the cash reconciliation is showing an un-reconciled difference to the bank

  What entry is required by the partnership

Shivers, with the consent of Zhao, sells one-third of his interest to Theresa Pepin. What entry is required by the partnership if the sales price is.

  Financial reporting standard problem

Indicate the Financial Reporting Standard applicable on joint ventures. Summarize the important features of that specific FRS.

  Presented below is a condensed version of the comparative

presented below is a condensed version of the comparative balance sheets for sondergaard corporation for the last two

  Zeller electronics inc produces and sells two models of

zeller electronics inc. produces and sells two models of pocket calculators xq-103 and xq-104. the calculators sell

  Zach company owns 45 of the voting stock of tomas

1. the budget procedure that requires all levels of management to start from zero in estimating sales production and

  Investor in stocks and bonds

Fluent, an investor in stocks and bonds, wanted to increase his portfolio but wanted to minimize his tax liability on the income from the bonds. He is presented with the following alternative investments:

  Organizations must follow gaap or ifrs with respect to

organizations must follow gaap or ifrs with respect to financial accounting in order to provide accurate transparent

  Calculate the profitability ratios that can be computed

selected data from the carmen company at year end are presented belowtotal assets 2000000average total assets

  Donu2019t cry over spilled milk a manufacturer of mops uses

donu2019t cry over spilled milk a manufacturer of mops uses the weighted average method in its processing costing

  On november 1 of the current year richard simmons

on november 1 of the current year richard simmons established a sole proprietorship. the following transactions

  Explain what typ of audit report is used when the company

explain what typ of audit report is used when the company changes from lifo to fifo for inventory costing this change

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd