Bonds pay the face value to the investor when they are a. held over 10 years. b. held 20 years. c. held until maturity. d. sold on the market before maturity.

Monty Corp. invested in a three-year, $100 face value 9% bond, paying $95.11. At this price, the bond will yield a 11% return. Interest is payable annually.     Prepare a bond discount amortization table for Monty Corp., assuming Monty uses the effective interest method required by IFRS. (Round answers to 2 decimal places, e.g. 52.75.) Bond Discount Amortization Table Date   Cash Received   Interest Income   Bond Discount Amortization   Amortized Cost of Bond Day 1               $enter a dollar amount  End Year 1   $enter a dollar amount    $enter a dollar amount    $enter a dollar amount    enter a dollar amount End Year 2   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount End Year 3   enter a dollar amount   enter a dollar amount   enter a dollar amount   enter a dollar amount     $enter a total amount    $enter a total amount    $enter a total amount      Prepare journal entries to record the initial…

9. Sean Corp. issued a $40,000, 10-year bond, with a stated rate of 8%, paid semiannually. How much cash will the bond investors receive at the end of the first interest period? a.$1,600 b.$4,000 c.$3,200 d.$800

Which of the following statements describes money market securities? Group of answer choices Money market securities are long-term claims with an original maturity that is generally more than one year. Money market securities are short-term claims with an original maturity that is generally two years or less. Money market securities are short-term claims with an original maturity that is generally six months or less. Money market securities are short-term claims with an original maturity that is generally one year or less.

What is the correct choice? A $200,000 bond issue with a carrying value of $194,000 is called at 101 and retired. The entry to record the retirement of bonds is:   a. Bonds Payable            200,000                            Gain on Retirement      of Bonds                                     6,000           Cash                                        194,000             b. Bonds Payable            200,000                            Cash                                        200,000             c. Bonds Payable            200,000                       Loss on Retirement of Bonds                         8,000                            Unamortised Bond      Discount                                     6,000           Cash                                        202,000        d. Bonds Payable            194,000                       Loss on Retirement of Bonds                         8,000                            Cash…

Sheridan Inc. is building a new hockey arena at a cost of $2,150,000. It received a down payment of $430,000 from local businesses to support the project, and now needs to borrow $1,720,000 to complete the project. It therefore decides to issue $1,720,000 of 10- year, 10.5% bonds. These bonds were issued on January 1, 2023, and pay interest annually on each January 1. The bonds yield 10.5% to the investor and have an effective interest rate to the issuer of 10.40530%. (There is an increased effective interest rate due to the capitalization of the bond issue costs.) Any additional funds that are needed to complete the project will be obtained from local businesses. Sheridan paid and capitalized $43,000 in bond issuance costs related to the bond issue. Sheridan prepares financial statements in accordance with IFRS.

Requirement 1. Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%, paid semiannually. The market rate of interest is 12​% at issuance. ​(Round intermediary calculations and final answer to the nearest whole​ dollar.) 1. Determine the present value of 10​-year bonds payable with face value of $93,000 and stated interest rate of 12​%,paid semiannually. The market rate of interest is 12​%at issuance. 2. Same bonds payable as in Requirement​ 1, but the market interest rate is 16​%. 3. Same bonds payable as in Requirement​ 1, but the market interest rate is 8​%.

Debt due within one year is considered: C . convertible.

A company issued 10-year $1,000 par value bond with a conversion ratio is 50. What is the bond conversion price of the bond?

Kk.95. Palmer Corp. issued callable bonds with a face value of $200,000 and a coupon rate of 6%. The bond matures in 4 years and pays interest semi-annually. The market rate at time of issuance is 7%. Provide the journal entry to record the issuance of the bonds on January 1st, 2020. -Record the journal entry for the interest expense on 6/30/2021? -What is the net book value of the bonds payable at 12/31/2022? -Palmer Corp. decides to exercise the right to retire its bonds early on 12/31/2022. It calls its bond at a call premium of 3 percent over par. Record the retirement of the bonds.