Clabber Company has bonds outstanding with a par value of $107,000 and a carrying value of $101,500. If the company calls these bonds at a price of $98,500, the gain or loss on retirement is:   Multiple Choice   $8,500 loss.   $5,500 loss.   $3,000 gain.   $3,000 loss.   $5,500 gain.

On 3/1/21, Lansing Company sold 6.5% bonds having a maturity value of $800,000 at a price which provides the bondholders with a 5% yield. The bonds are dated 3/1/21 and mature 3/1/26 with interest payable semiannually on 3/1 and 9/1 of each year. Legal and other costs of $12,000 were incurred in connection with the issue.   Questions: a. Prepare the amortization table and all journal entries required in 2021.   b. The bonds are callable at 101, and on 6/1/23 Lansing called the bonds and retired them. Prepare all journal entries required in 2023.

A company has bonds outstanding with a par value of $130,000. The unamortized premium on these bonds is $3,185. If the company retired these bonds at a call price of $128,700, the gain or loss on this retirement is: Multiple Choice O O $1,300 gain. $3,185 loss. $4,485 gain.

A company has callable bonds outstanding with a par value of $100,000 The unamorticed discount on these bonds is $1,500. The company called to retire these bonde and paid a cal premsum (bonus) of $3,000 What is the gain or loss on this retirement? OA $3.000 koss OB 50 gain or loss OC. $4,500 loss OD. $1,500 gain

Please show your work.

Blossom Company has $2080000 of bonds outstanding. The unamortized premium is $30000. If the company redeemed the bonds at 101, what would be the gain or loss on the redemption? $9200 gain $20800 loss $20800 gain $9200 loss

Please I want answer for this question of multiple choice. Big thanks

On January 1, 20X1, PAR purchases $100,000 par value, 12 percent coupon rate (i.e., stated rate), 10-year bonds from ROM for $90,000. Interest on the bonds is payable on January 1 and July 1. The interest expense recognized by ROM and the interest income recognized by PAR each year include straight-line amortization of the discount. (For simplicity, we do not use the effective interest method. But the logic is the same.)   Here is how to calculate interest expense or income for bonds issued at discount or premium with straight-line amortization. For each payment period, interest expense and amortization of discount or premium: Cash interest ($100,000 ×12% ÷ 2)                                       $6,000 Amortization of discount             ($10,000 ÷ 20 semiannual interest periods)               500 (should this be added to or subtracted from cash interest? If you don't know the answer, review intermediate account II)     Interest expense or income for the semiannual period…

Assume that Western Asset Management Company LLC (WAMC) has $10,000 par value zero-coupon bonds outstanding. WAMC bonds are currently trading at $5,500 with 8 years to maturity. WAMC tax bracket is 35%. Calculate the cost of debt for WAMC (System will not accept percentage (%) sign, therefore write your answer upto four decimals).

Zhang Company, an IFRS company, sold $7,000,000 of 6%, 3-year bonds on January 1, 2022. The bonds pay interest each December 31. It cost the company $30,000 in bond issue costs. The bonds were sold at par. What is the effective interest rate for the bonds? Group of answer choices 8.52% 5.84% 6.16% 6.14%