subject
Business, 20.04.2020 22:43 darwincortez659

On January 1, Year 1, McGee Corporation issues 5%, 10-year bonds with a face amount of $100,000. Interest is paid semiannually on June 30 and December 31. On issuance date, the market rate of interest is 5%; therefore, the issue price of the bonds is $100,000. The journal entry for the issuance of the bonds will include a .

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 23:00
Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.
Answers: 2
question
Business, 22.06.2019 04:50
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
question
Business, 22.06.2019 13:10
A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?
Answers: 2
question
Business, 22.06.2019 17:40
Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.
Answers: 3
You know the right answer?
On January 1, Year 1, McGee Corporation issues 5%, 10-year bonds with a face amount of $100,000. Int...
Questions
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
History, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
French, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
History, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Social Studies, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Health, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01
question
Chemistry, 18.09.2020 19:01
question
Mathematics, 18.09.2020 19:01