Problem 9.04A – Twister Enterprises
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given three different interest rates and bond issuances… record the bond issue and first two interest payments.
Given three different interest rates and bond issuances… record the bond issue and first two interest payments.
Given the amortization schedule of a bond… determine whether it is discount or premium, the original issue price, the face amount, the stated annual rate, the market annual rate, and lastly the cash paid for interest.
Given information about a bond that was issued… complete an amortization schedule, record the issuance of the bond, and record the first two interest payments.
Given information about a bond issued… complete an amortization schedule along with calculating the issue price given different interest rates and issuances.
Given selected financial data for two companies…calculate and compare debt to equity ratio, return on assets ratio, and times interest earned ratio.