Entries by mary WAMBUGU

On June 1, 2019 Adelphi Corporation issued $220,000 of 6%, 5-year bonds. The bonds which were issued at 103, pay interest on January 1 and June 1.

On June 1, 2019 Adelphi Corporation issued $220,000 of 6%, 5-year bonds.  The bonds which were issued at 103, pay interest on January 1 and June 1. Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment. If this is discount amortization enter as a positive number. If this is premium […]

 

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On June 1 2019, Aco issues $110,000 of 5%, 5-year bonds. Bonds were issues at 96, pay interest on January 1 and June 1.

Given:On June 1 2019, Aco issues $110,000 of 5%, 5-year bonds. Bonds were issues at 96, pay interest on January 1 and June 1. Determine: calculate amount of bond discount or premium that is amortized with each interest payment   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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On December 31, 2018 Aco has outstanding 500 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 7,000 shares of $10 par value common stock,

Given:On December 31, 2018 Aco has outstanding 500 shares of $100 par value, 5% cumulative and nonparticipating preferred stock, and 7,000 shares of $10 par value common stock, Preferred dividends were pain in 2016 but not paid in 2017. 2018 Aco distributed $45,000 in dividends Determine: 2018 dollar amount of dividends that will be distributed […]

 

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Common stock account for Aco on January 1, 2018 was $45,000. On July 1, 2018 Aco issues an additional 10,000 shares of common stock.

Given:Common stock account for Aco on January 1, 2018 was $45,000. On July 1, 2018 Aco issues an additional 10,000 shares of common stock. Common Stock is $5 par. There was neither Preferred Stock not any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July […]

 

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