Exercise 09.07 – Splash City
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Record the bond issue and the first two semiannual interest payments.
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Record the bond issue and the first two semiannual interest payments.
Your numbers will vary.
Given a bond with an issuance price that is the same as the price along with interest rate and years… record both the issuance of the bond and the first two interest payments.
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Given a bond with an issuance price that is the same as the price along with interest rate and years… record both the issuance of the bond and the first two interest payments.
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Given the issuance of a bond… create an amortization schedule along with recording the bond issuance and interest payments.
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Given the amount a bond was issued for, the years on the bond, the percent of the bond along with market percent and face value… create an amortization table along with recording the issuance and interest payments.
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Given information on a bond including price, percent, and years… create an amortization table along with recording the retirement on the bonds.
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Calculate the issue price.
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Calculate the debt to equity ratio, calculate the times interest earned ratio.
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Compare installment notes and loans. Determine whether Paradise Partners should purchase the equipment with an installment note or lease it, based on the financial implications and the equipment’s value at the end of the 24-month period. Compare the effects on the company’s reported debt and make a decision.
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Given details about the issuing of a bond… determine whether the bonds are issued at par, premium, or discount given different market rates.
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