Billy's Hamburgers issued 8%, 10-year bonds payable at 80 on December 31, 2016. At December 31, 2018, Billy reported the bonds payable as follows: Long-Term Liabilities
Bonds Payable $400,000
Less: Discount on Bonds Payable 32,000 $368,000
Billy's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using the straight-line amortization method.)
1. Answer the following questions about Billy's bonds payable:
a. What is the maturity value of the bonds? $ nothing
b. What is the carrying amount of the bonds at December 31, 2014c. What is the semiannual cash interest payment on the bondsd. How much interest expense shoudl the company record each year2. Record the June 30, 2014, semiannual interest payment and amortization of discount

Which stroke of the four-stroke cycle is shown in the above figure? a. power b. compression c. exhaust d. intake

Which stage of group development involves members introducing themselves to each other?

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.