29-A corporation issues 10 year bonds at a price of 96. This means that a.
The bonds annual interest rate is 4%

b.
The bonds pay 9.6% annual interest.

c.
The bonds can be retired at $960 per $1,000 bond

d.
The bonds were issued for $960 per $1,000 bond.

Achecklists should be based on past

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of