Financial Accounting
168450 questions • Page 354 / 3369
A company issued 10-year bonds with a par value of $20,000,000 and an 8% annual
A company issued 10-year bonds with a par value of $20,000,000 and an 8% annual face rate of interest on January 2, 2013. The issue price of the bond issue was $19,866,397 which r…
A company issued 10-year bonds with a par value of $20,000,000 and an 8% annual
A company issued 10-year bonds with a par value of $20,000,000 and an 8% annual face rate of interest on December 31, 2013. The issue price of the bond issue was $19,866,397 which…
A company issued 10-year. 9% bonds, with a par value of $500,000 when the marvel
A company issued 10-year. 9% bonds, with a par value of $500,000 when the marvel rate was 9.5%. The issuer received $484,087 in cash proceeds Prepare the issuer's journal entry to…
A company issued 11%, 5-year bonds with a par value of $70,000. The market rate
A company issued 11%, 5-year bonds with a par value of $70,000. The market rate when the bonds were issued was 10%. The company received $72,702 cash for the bonds. Using the effe…
A company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face val
A company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The fir…
A company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face val
A company issued 25,000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The fir…
A company issued 5-year, 7% bonds with a par value of $900,000. The market rate
A company issued 5-year, 7% bonds with a par value of $900,000. The market rate when the bonds were issued was 6.5%. The company received $909,000 cash for the bonds. Using the st…
A company issued 6%, 15-year bonds with a face amount of $97 million. The market
A company issued 6%, 15-year bonds with a face amount of $97 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price d…
A company issued 6%, 20-year bonds with a face amount of $76 million. The market
A company issued 6%, 20-year bonds with a face amount of $76 million. The market yield for bonds of similar risk and maturity is 7%. Interest is paid semiannually. At what price d…
A company issued 6.0%, 5-year bonds with a par value of $170,000. The market rat
A company issued 6.0%, 5-year bonds with a par value of $170,000. The market rate when the bonds were issued was 7.0%. The company received $162,930.89 cash for the bonds. Using t…
A company issued 60 shares of $100 par value common stock for $7,000 cash. The j
A company issued 60 shares of $100 par value common stock for $7,000 cash. The journal entry to record the issuance is: A. Debit Cash $7,000; credit Common Stock $7,000. B. Debit …
A company issued 7%, 15-year bonds with a par value of $480,000 that pay interes
A company issued 7%, 15-year bonds with a par value of $480,000 that pay interest semi-annually. The current market rate is 7%. The journal entry to record each semiannual interes…
A company issued 7%, five-year bonds with a par value of $125,000. The market ra
A company issued 7%, five-year bonds with a par value of $125,000. The market rate when the bonds were issued was 7.5%. The company received $122,375 cash for the bonds. Using the…
A company issued 700 shares of $2 par common stock in exchange for a piece of eq
A company issued 700 shares of $2 par common stock in exchange for a piece of equipment with a current market value of $24,000. Which of the following is the correct journal entry…
A company issued 8%, 15-year bonds with a par value of $610,000 that pay interes
A company issued 8%, 15-year bonds with a par value of $610,000 that pay interest semiannually. The market rate on the date of issuance was 8%. The journal entry to record each se…
A company issued 9%, 15-year bonds with a par value of $620,000 that pay interes
A company issued 9%, 15-year bonds with a par value of $620,000 that pay interest semi-annually. The current market rate is 9%. The journal entry to record each semiannual interes…
A company issued its CEO 100,000 shares of restricted stock that are restricted
A company issued its CEO 100,000 shares of restricted stock that are restricted for two years. The current share price is $10. Based on the information provided, which of the foll…
A company issues $2.6 million of new stock and pays $351,000 in cash dividends d
A company issues $2.6 million of new stock and pays $351,000 in cash dividends during the year. In addition, the company took advantage of falling interest rates to borrow $1.66 m…
A company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2010.
A company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2010. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,901,036. Using eff…
A company issues $60 million of bonds at par on January 1, 2007. The bonds pay 1
A company issues $60 million of bonds at par on January 1, 2007. The bonds pay 10% interest semi-annually on 12/31 and 6/30 and mature in 20 years. The journal entry when the bond…
A company issues 1 million shares of common stock with a par value of $0.02 for
A company issues 1 million shares of common stock with a par value of $0.02 for $15 a share. The entry to record this transaction includes a debit to Cash for: A. $15,000,000, a c…
A company issues 1 million shares of common stock with a par value of $0.21 for
A company issues 1 million shares of common stock with a par value of $0.21 for $16.90 a share. The entry to record this transaction includes a debit to Cash for: a) $210,000 and …
A company issues 1 million shares of common stock with a per value of $0.07 for
A company issues 1 million shares of common stock with a per value of $0.07 for $15.50 a share. The entry to record this transaction Includes a deblt to Cash for $70,000, a debit …
A company issues 1.00 million shares of preferred stock with a par value of $2.0
A company issues 1.00 million shares of preferred stock with a par value of $2.00 at its market price of $26.00 per share. The issuance should be recorded with a debit to Cash for…
A company issues 1.07 million shares of preferred stock with a par value of $5.5
A company issues 1.07 million shares of preferred stock with a par value of $5.50 at its market price of $29.50 per share. The issuance should be recorded with a debit to Cash for…
A company issues 10%, 20-year bonds with a par value of $760,000. The current ma
A company issues 10%, 20-year bonds with a par value of $760,000. The current market rate is 9%. The amount of interest owed to the bondholders for each semiannual interest paymen…
A company issues bonds with a par value of $800,000 on their issue date. The bon
A company issues bonds with a par value of $800,000 on their issue date. The bonds mature in 5 years and pay 6% annual interest in two semiannual payments. On the issue date, the …
A company just completed a physical inventory count at year-end, December 31. It
A company just completed a physical inventory count at year-end, December 31. Items were counted and costed on a FIFO basis. The inventory amounted to $40,000. The following infor…
A company just purchased a hoist for $37,300. It has an 8 year life and estimate
A company just purchased a hoist for $37,300. It has an 8 year life and estimated salvage value of $3,600. Installation and freight charges are $3,400 and $900 respectively. Strai…
A company just purchased an intelligent robot, which has a first cost of $80,000
A company just purchased an intelligent robot, which has a first cost of $80,000. Since the robot is unique in its capabilities, the company expects to be able to sell it in 4 yea…
A company just starting business made the following four inventory purchases in
A company just starting business made the following four inventory purchases in June: June 1 150 units $ 3…
A company just starting in business purchased three merchandise inventory items
A company just starting in business purchased three merchandise inventory items at the following prices . First purchased$ 80; second purchase $95; the third $85. If a company sol…
A company leases some of the equipment it uses. The lease term is 5 years, and t
A company leases some of the equipment it uses. The lease term is 5 years, and the lease payment are to be made in advance as show in the following schedule: January 1, 2011 $…
A company like Golf USA that sells golf-rotated inventory typically will have in
A company like Golf USA that sells golf-rotated inventory typically will have inventory Items such as gr clothing and golf equipment As technology advances the design and performa…
A company lost all but $50 of its inventory in a fire on Feb. 22, 2017. The comp
A company lost all but $50 of its inventory in a fire on Feb. 22, 2017. The company’s financial records are listed below: 2015 2016 Net Sa…
A company made the following merchandise purchases and sales during the month of
A company made the following merchandise purchases and sales during the month of May: May 1 purchased 380 units at $15 each May 5 purchased 270 units at $17 each May 10 sold 400 u…
A company made the following purchases during the year: Jan 10: 15 units @ 360 e
A company made the following purchases during the year: Jan 10: 15 units @ 360 each Mar 25: 25 units @390 each April 25: 10 units @ 420 each July 30: 20 units @ 450 each Oct 10: 1…
A company makes remotely controllable model car. The company has two compartment
A company makes remotely controllable model car. The company has two compartment, C1 and C2. Division C1 makes car model kit. Compartment C2 assembles and configures model car. A …
A company makes remotely controllable model car. The company has two compartment
A company makes remotely controllable model car. The company has two compartment, C1 and C2. Division C1 makes car model kit. Compartment C2 assembles and configures model car. A …
A company makes telescopes. All direct materials used inthe production of telesc
A company makes telescopes. All direct materials used inthe production of telescopes are added at the beginning of themanufacturing process. Labor and overhead are added evenlythe…
A company makes the payment of a one-year insurance premium of $3,624 on March 1
A company makes the payment of a one-year insurance premium of $3,624 on March 1, 2016 b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Us…
A company makes two products from a joint input that have the following informat
A company makes two products from a joint input that have the following information: Sales Value Estimated further Sales value after Pounds per pound processing costs additional p…
A company manufacturers a unique product. The company\'s controller has prepared
A company manufacturers a unique product. The company's controller has prepared the following static budget for the month of February: 300 units 1 hour 300 hours $ 10 $3,000 A…
A company manufacturers two cereal as part of a jointprodcution process: regular
A company manufacturers two cereal as part of a jointprodcution process: regular and high fiber. Joint costs up tothe split-off point total $85,000 per batch. These costs arealloc…
A company manufactures a product that required three types of material: Material
A company manufactures a product that required three types of material: Material A, Material B, and Material C. The materials are substitutable to some degree and the company does…
A company manufactures a product that required three types of material: Material
A company manufactures a product that required three types of material: Material A, Material B, and Material C. The materials are substitutable to some degree and the company does…
A company manufactures a unique type of component (STC) used in injection moldin
A company manufactures a unique type of component (STC) used in injection molding of medium-sized medical devices. By the start of week 6, a hundred STC must be ready to deliver. …
A company manufactures a unique type of component (STC) used in injection moldin
A company manufactures a unique type of component (STC) used in injection molding of medium-sized medical devices. By the start of week 6, a hundred STC must be ready to deliver. …
A company manufactures an electric motor that is uses inseveral of its porducts.
A company manufactures an electric motor that is uses inseveral of its porducts. Management is considering whether tocontinue manufacturing the motors or to buy them from an outsi…
A company manufactures and sells a small kitchen appliance. The company’s custom
A company manufactures and sells a small kitchen appliance. The company’s customers are wholesale distributors who resell the product to retailers. There is no seasonality relat…
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Financial Accounting
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