Scribd Logo
Upload

Welcome to Scribd!

  • 122 views

    Activity Retirement of Bonds Payable

    Uploaded by

    Cris Ann Marie ESPAnOLA
    On January 1, 20x1, Ana Mabuti issued P10M bonds with 8% coupon rate payable annually plus interest starting December 31, 20x1. The bonds were issued to yield 5% interest and were redeemed on July 31, 20x3 at 98% plus accrued interest. The document provides multiple questions and answers related to calculating values of the bonds on different dates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Activity Retirement of Bonds Payable

    Uploaded by

    Cris Ann Marie ESPAnOLA
    122 views3 pages
    On January 1, 20x1, Ana Mabuti issued P10M bonds with 8% coupon rate payable annually plus interest starting December 31, 20x1. The bonds were issued to yield 5% interest and were redeemed on July 31, 20x3 at 98% plus accrued interest. The document provides multiple questions and answers related to calculating values of the bonds on different dates.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    On January 1, 20x1, Ana Mabuti issued P10M bonds with 8% coupon rate payable annually plus interest starting December 31, 20x1. The bonds were issued to yield 5% interest and were redeemed on July 31, 20x3 at 98% plus accrued interest. The document provides multiple questions and answers related to calculating values of the bonds on different dates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    122 views3 pages

    Activity Retirement of Bonds Payable

    Uploaded by

    Cris Ann Marie ESPAnOLA
    On January 1, 20x1, Ana Mabuti issued P10M bonds with 8% coupon rate payable annually plus interest starting December 31, 20x1. The bonds were issued to yield 5% interest and were redeemed on July 31, 20x3 at 98% plus accrued interest. The document provides multiple questions and answers related to calculating values of the bonds on different dates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Problem A.

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% plus accrued interest. 
    What is the carrying value of the bond on December 31, 20x2?
     
    6,332,100 to 6,332,105 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% plus accrued interest. 
    What is the carrying value of the bond the date of redemption?
    6,236,780 to 6,236,800 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% plus accrued interest. 
    How much cash was paid at the date of redemption?
    6,160,000 to 6,160,000 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% plus accrued interest. 
    What is the gain or loss on redemption?
    356,780 to 356,800 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% plus accrued interest. 
    How much was the interest expense as recorded in the statement of Financial
    Performance on December 31, 20x3?
    184,680 to 184,690 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% inclusive of accrued interest. 
    What is the gain or loss on redemption?

    636,780 to 636,790 inclusive

    Problem A.
    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed the bonds on July 31,
    20x3  at  98% inclusive of accrued interest. 
    How much cash was paid at the date of redemption?
    5,880,000

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% plus accrued interest. ;
     
    How much cash was paid at the date of redemption?
    1,848,000

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% plus accrued interest. ;
     
    What is the gain or loss on redemption? Provide the numeric answer.
    107,030 to 107,040 inclusive

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% plus accrued interest. ;
     
    How much was the interest expense recorded in the statement of Financial
    Performance on December 31, 20x3?
    277,020 to 277,030 inclusive

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% plus accrued interest. ;
     
    What is the carrying value of the remaining bonds on December 31, 2024?
    1,439,997 to 1,440,002 inclusive

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% inclusive of accrued interest.
     
    How much cash was paid at the date of redemption
     
    1,764,000

    On January 1, 20x1 , Ana Mabuti issued a n 8% P 10M bonds payable in equal annual
    installments of 2M every December 31 plus interest starting December 31, 20x1. The
    bonds are issued to yield 5% interest.  Ana Mabuti redeemed  30% of the bonds on July
    31, 20x3  at (a) 98% inclusive of accrued interest.
     
    What is the amount of gain or loss on redemption? Provide the numeric answer.
    191,030 to 191,040 inclusive

    You might also like