BE 14.01 – Holiday Brands
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the value of the bond and the years to maturity… determine the amount of interest that is paid.
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Given the value of the bond and the years to maturity… determine the amount of interest that is paid.
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Given the interest rate, years on bond, face value, issue price, and interest to yield they ask you to calculate the straight-line interest expense.
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Given the percent, years, and amount of a bond along with face amount, price to yield, and how often interest is paid… prepare both an amortization table and journal entry.
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They give you the amount of a note, the years, and the interest rate and ask you to prepare journal entries for both firms.
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Given information about a note issued for equipment, they ask you to determine the amount that equipment should be recorded for along with preparing a journal entry.
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Given the amount that bonds were retired at along with the amount of discount that is remaining they ask you to prepare a journal entry for the redemption of the bonds.
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Given the number of bonds that are issued, percent, price sold at, number of detachable warrants, and market value of the warrants they ask you to prepare a journal entry to record the issuance of the bonds.
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Given the amount of bonds issued, the percent, years, and number of bonds they ask you to prepare a journal entry to record the issuance of the bonds.
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Given a lease payment amount, years on the term, annual interest rate, and fair value of the asset they ask you to fill out a table for calculating interest along with determining the interest revenue.
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Given the annual lease payment, years on the lease, interest rate, and cost of the asset they ask you to determine the present value of the lease, prepare an amortization schedule, and show the total expenses on the lease.
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