Business, 30.05.2020 23:04, dakotaadkins1818
Entries for issuing bonds and amortizing premium by straight-line method Obj. 2, 3 Show Me How icon Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley Corporation issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%, receiving cash of $20,811,010. Interest is payable semiannually on April 1 and October 1. Journalize the entries to record the following: Issuance of bonds on April 1. First interest payment on October 1 and amortization of bond premium for six months, using the straight-line method. The bond premium amortization is combined with the semiannual interest payment. Round to the nearest dollar. Explain why the company was able to issue the bonds for $20,811,010 rather than for the face amount of $20,000,000.
Answers: 2
Business, 21.06.2019 19:10, victorialeverp714lg
Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:
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Business, 22.06.2019 23:40, valenciafaithtorres
Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.
Answers: 3
Business, 23.06.2019 04:40, blakemccain1928
What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy? a reactor business strategy?
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Business, 23.06.2019 06:00, dogwisperer101
Which factor determines who a society will produce goods and services for?
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Entries for issuing bonds and amortizing premium by straight-line method Obj. 2, 3 Show Me How icon...
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