If $307,000 of 7% bonds are issued at 94, the amount of cash received from the sale isOa. $307,000Ob. $285,510O c. $288,580Od. $328,490

Cash Proceeds = Face value of bond issue x Issued at (%)

Answered: If $307,000 of 7% bonds are issued at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

If $1,012,000 of 12% bonds are issued at 102 1/2, the amount of cash received from the sale is Oa. $1,037,300 O b. $1,012,000 O c. $759,000 O d. $1,133,440
If $1,034,000 of 6% bonds are issued at 102 3/4, the amount of cash received from the sale is Oa. $1,096,040 Ob. $1,062,435 Oc. $775,500 Od. $1,034,000
If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825
If $1,000,000 of 10% bonds are issued at 98, the amount of cash received from the sale is: O a. $987,500. Ob. $980,000. c. $1,000,000. Od. $975,000.
If $457,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. A. $420,440 B. $457,000 C. $429,580 D. $493,560
Eddie Industries issues $926,000 of 8% bonds at 102. The amount of cash received from the sale is a.$926,000 b.$1,000,080 c.$898,220 d.$944,520
If $325,000 of 9% bonds are issued at 96, what is the amount of cash received from the sale? Select the correct answer. $325,000 $295,750 $312,000 $354,250
If bonds with a face value of $208,000 are issued at 94, the amount of cash proceeds is A. $207,906 B. $208,000 C. $195,520 D. $183,040
If the bonds payable account has a balance of $900,000 and the discount on bonds payable account has a balance of $72,000, what is the carrying amount of bonds? A. $828,000 B. $900,000 C. $972,000 D. $580,000
Bonds Payable has a balance of $880,000 and Premium on Bonds Payable has a balance of $9,680. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? Oa. $7,920 loss Ob. $9,680 gain Oc. $7,920 gain Od. $9,680 loss
Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $15,500. If the issuing corporation redeems the bonds at 98 1/2, what is the amount of gain or loss on redemption? a. $500 loss Ob. $15,500 gain Oc. $500 gain Od. $15,500 loss 43 0 77777777777
Eddie Industries issues $834,000 of 8% bonds at 105. The amount of cash received from the sale is a, $834,000 Ob. $808,980 Oc. $875,700 Od. $900,720

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If $307,000 of 7% bonds are issued at 94, the amount of cash received from the sale is O a. $307,000 Ob. $285,510 Oc. $288,580 Od. $328,490