Home / Questions / On July 1 Year 1 Danzer Industries Inc issued 40000000 of 10year 7 bonds at a market eff...
On July 1, Year 1, Danzer Industries Inc. issued $40,000,000 of 10-year, 7% bonds at a market (effective) interest rate of 8%, receiving cash of $37,282,062. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.
1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1.
2. Journalize the entries to record the following:
a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. Round to the nearest dollar.
b. The interest payment on June 30, Year 2, and the amortization of the bond discount,00 using the straight-line method. Round to the nearest dollar.
May 07 2021 View more View Less
Anchors are ubiquitous in financial markets. Give some Problem 1.Problem 1In a regression of perceived long-term investment value (LTIV) on size (S), bookto-market (B/M),...
May 13 2020DETAILS SSTCALC6 4.5.056. Find A so that lim X-00 X + A X- 6A = 3.
Jun 03 2021Epicycloid A circle of radius 1 rolls around the outside of a circle of radius 2 without slipping. The curve traced by a point on the circumference of the smaller circle ...
Aug 01 2021Sulfurous acid, H2SO3, is a weak acid capable of providing two H ions.(a) What is the pH of a 0.45M solution of H2SO3(b) What is the equilibrium concentration of the sulf...
Jul 21 2021Bleakly Enterprises has a capital structure of 45 percent common stock, 5 percent preferred stock, and 50 percent debt. The flotation costs are 4.5 percent for debt, 7 pe...
Aug 04 20211 1 dx 1-x 금 Select one: a. 0 b. 2 C. d.
May 04 2021Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run a coffee shop. They will share any profit...
Dec 05 2019Firms with valuable intangible assets are more likely to show a(n): A. excess of book value over market value of equity. B. high going-concern value. C. low liquidati...
Jan 09 2020What is the conditional demand function for an input? What is the unconditional demand function for an input? How do they differ in what they assume? How do they differ i...
May 04 2020A thorough understanding of managerial principles, functions and techniques and management philosophy is necessary for a broad application of the principles of preventive...
Dec 13 2017