A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,800. The company calls these bonds at a price of $98,000 the gain or loss on retirement is:
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Q: A company has bonds outstanding with a parvalue of $100,000. The unamortized premium on these bonds…
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Q: A company has bonds outstanding with a par value of $100.000. The unamortized discount on these…
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Q: e entry to record the retirement will include:
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A: First question: PhP 107,798.74 Second question: PhP309,984
Q: A company has bonds outstanding with a par value of $100,000. The unamortized discount on these…
A: Carrying value = Face value - Unamortized discount Carrying value = $100,000 - $4,800 Carrying value…
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Q: A company has bonds outstanding with a parvalue of $100.000. The unamortized premium on these bonds…
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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,800. The company calls these bonds at a price of $98,000 the gain or loss on retirement is:
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- Starmount Inc. sold bonds with a $50,000 face value, 12% interest, and 10-year term at $48,000. What is the total amount of interest expense over the life of the bonds?A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,800. The company calls these bonds a a price of $98,000 the gain or loss on retirement is: Multiple Choice $0 gain or loss. $2,800 gain. $2,800 loss.A company has bonds outstanding with a parvalue of $100,000. The unamortized premium on these bonds is $3,500. The company calls these bonds at a price of $102,000, :the gain or loss on retirement is loss $3,500 AO -gain $1,500 B O -gain $3,500.CO loss $1,500.DO
- Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these bonds at a price of $104,500, the gain or loss on retirement is:On July 1, 2018, Miniature Company has bonds with balances as shown below. Bonds Payable 65,000 Discount Payable on Bonds 3,250 If the company retires the bonds for $66,150, what will be gain or loss on the retirement?On January 1, 20X1, Palko Corp. issued ten (10) year bonds with a face value of $600,000 and a stated (or face) interest rate of 8%, compounded and payable semiannually on June 30 and December 31, beginning June 30, 20X1. The bonds mature 10 years from their issuance date. At the time of the issue, the market rate for bonds of similar risk and maturity is 6%, compounded semi-annually. Question: Rounded to the nearest whole dollar, what should be the bonds' issue price? Do not use currency symbols, commas, or decimal points in your response. Answer: $
- Chang Industries has bonds outstanding with a par value of $200,000 and a carrying value of $203,000. If the company calls these bonds at a price of $201,000, what is the gain or loss on retirement?Health First Ltd. retires its 8% bonds for $74,000 before its maturity date. Carrying value at the time of retiring such bonds was $78,693. Record the entry for retirement of bonds. о О Date Description Cash Bonds Payable To record the retirement of bonds before maturity) Date Bonds Payable Gain on Bonds Retirement Cash Description To record the retirement of bonds before maturity) Date Bonds Payable Cash Description To record the retirement of bonds before maturity) Date Bonds Payable Cash Description To record the retirement of bonds before maturity) Ref. Debit in S) $ Credit(in 5) 78.693 S 78,693 Ref. Debit(in 5) Credit(in 5) $ 78694 S 4,693 $ 74,000 Ref Debit(in S) Credit(in S $ 78,693 $ 78,693 Ref. Debit in 5). Credit in 5) S 74,000 $ 74,000Company has bonds outstanding with a par value of $140,000. The unamortized premium on these bonds is $3,500. If the company retired these bonds at a call price of $137,200, the gain or loss on this retirement is: A. $2,800 gain B. $2,800 loss C. $6,300 gain D. $3,500 gain E. $3,500 loss
- Clabber Company has bonds outstanding with a par value of $118,000 and a carrying value of $108,100. If the company calls these bonds at a price of $104,000, the gain or loss on retirement is: Multiple Choice $9,900 gain. $9,900 loss. $4,100 gain. $14,000 loss. $4.100 loss.NYK, Inc.retires a $45 million bond issue when the carrying value of the bonds is $43 million, but the market value of the bonds is $46 million. The entry to record the retirement will include: Select one: a. A debit of $3 million to Loss on Bond Retirement. b. A credit of $1 million to Gain on Bond Retirement. c. A debit of $1 million to Loss on Bond Retirement d. No gain or loss on retirement e. A credit of $2 million to Gain on Bond Retirement.NYK, Inc.retires a $45 million bond issue when the carrying value of the bonds is $47 million, but the market value of the bonds is $45 million. The entry to record the retirement will include: Select one: a. A credit of $4 million to Gain on Bond Retirement. b. A debit of $4 million to Loss on Bond Retirement. c. No gain or loss on retirement d. A debit of $2 million to Loss on Bond Retirement e. A credit of $2 million to Gain on Bond Retirement.