- guaranteed income bonds
- high income bonds
- expense reports
1) Holiday Brands issued $30 million of 6%, 30-year bonds for $27.5 million.
-What is the amount of interest that Holiday will pay semiannually to bondholders?
2) On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually.
-What was the interest expense at the effective interest rate on the December 31 annual income statement?
3) On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually.
-What was the straight-line interest expense on the December 31 annual income statement?
Thanks in advance!!
-What is the amount of interest that Holiday will pay semiannually to bondholders?
2) On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually.
-What was the interest expense at the effective interest rate on the December 31 annual income statement?
3) On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually.
-What was the straight-line interest expense on the December 31 annual income statement?
Thanks in advance!!
Bonds and interest accounting help?
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