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 the amount borrowed, interest rate, and number of payments they ask you to determine the annual payment amount, prepare an amortization schedule, and prepare a journal entry.
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Given an amortization schedule… complete eight different requirements consisting of face amount, initial selling price, term to maturity, approach used, stated rate, effective rate, total interest, and total effective interest recorded.
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