Business, 13.05.2021 19:20 danielboek
Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $480 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows:
January 1, 2021
Cash (price) 566,589,440
Discount on bonds (difference) 73,410,560
Bonds payable (face amount) 640,000,000
Required:
What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December 31, 2021?
Answers: 1
Another question on Business
Business, 21.06.2019 15:00
Which energy career pathways work with renewable energy? check all that apply.
Answers: 1
Business, 22.06.2019 08:40
Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?
Answers: 3
Business, 22.06.2019 15:10
Paddock pools constructed a swimming pool and deck for the jensens' home. paddock installed the wrong trim on the pool. it would cost $2800 to change the trim-one-fifth of the total cost of the pool. the jensens refuse to pay anything for the pool. the paddock's best defense is: (a) duress (b) substanial performance (c)mistake (d) failure of conditions
Answers: 3
Business, 22.06.2019 18:00
In which job role will you be creating e-papers, newsletters, and periodicals?
Answers: 1
You know the right answer?
Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $480 million on Janua...
Questions
Physics, 18.08.2021 15:40
Mathematics, 18.08.2021 15:50
Mathematics, 18.08.2021 15:50
Mathematics, 18.08.2021 15:50
Biology, 18.08.2021 15:50
History, 18.08.2021 15:50
