Homework Answers
7. principal amount
8. the date on which principal amount is repaid to the bondholder
9. A premium on bonds payable is added to the bonds payable balance and shown with stockholders' equity on the balance sheet.
10. a bond that repays principal in installments
11.stated rate
12.$ 88000
13.48500
14.$ 200
15. a bond that is not backed by any specific assets
16.shareholders are not authorised to sign contracts or make business commitments on behalf of the corporation
17.common stock would be credited for $ 65,000.
18. corporation has a limited life
19.1105000
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please answer the following multiple choice
Which of the following is the amount the borrower must...
D) The bond will be issued at par 7. Which of the following is the amount...
D) The bond will be issued at par 7. Which of the following is the amount the borrower must pay back to the bondholders? A) Market value B) Present value C) Stated interest value D) Principal amount 8. Which of the following describes the term maturity date? Tida
please answer the following multiple choice questions 20. The following information is from the balance sheet...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Answer the following multiple choice questions show the workings where applicable 1.) which of the following...
Answer the following multiple choice questions show the workings where applicable 1.) which of the following entries would be used to account for uncollectible receivables using the allowance method? a) allowance for uncollectible accounts is debited and uncollectible accounts expense is credited b) uncollectible accounts expense is debited and allowance for uncollectible accounts is credited c) uncollectible accounts expense is debited and accounts receivable is credited d) accounts receivable is debited and Uncollectible accounts expense is credited 2) which of...
Answer the following multiple choice questions show the workings where applicable 1.) which of the following...
Answer the following multiple choice questions show the workings where applicable 1.) which of the following entries would be used to account for uncollectible receivables using the allowance method? a) allowance for uncollectible accounts is debited and uncollectible accounts expense is credited b) uncollectible accounts expense is debited and allowance for uncollectible accounts is credited c) uncollectible accounts expense is debited and accounts receivable is credited d) accounts receivable is debited and Uncollectible accounts expense is credited 2) which of...
Use the following to answer question 4: Presented below is information related to Ha Common Stock,...
Use the following to answer question 4: Presented below is information related to Ha Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) related to Hale Corporation: $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 orporation is 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,000. D) $6,450,000. 5. Kant Corporation retires its $500,000...
Use the following to answer question 4: Presented below is information related to Hal Common Stock, S1 par Paid-i...
Use the following to answer question 4: Presented below is information related to Hal Common Stock, S1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, S50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) related to Hale Corporation: $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 on is 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,000. D) $6,450,000. 5. Kant Corporation retires its $500,000...
Which of the following are differences between a bond and a common stock? (Select all that...
Which of the following are differences between a bond and a common stock? (Select all that apply.) A. A corporation has to pay all bondholders before paying stockholders. B. A bond is a claim on the earnings and assets of a corporation, whereas a common stock promises to make periodic payments for a specified period of time. C. A corporation has to pay all stockholders before paying bondholders. D. A bond is a debt instrument that entitles the owner to...
n stock is issued for an amount greater than par value 8. should be credited to...
n stock is issued for an amount greater than par value 8. should be credited to a. Retained Earnings b. Cash c. Legal Capital d. Paid-in Capital in Excess of Par e. Unrealized Holding Gains and Losses-Equity to record the amortization of a premium on bonds payable is a. Premium on Bonds Payable b. Interest Expense c. Interest Expense d. Bonds Payable e. Premium on Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Interest Payable Acorp ration...
Which of the following statements is correct? Multiple Choice There are almost always small differences between...
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
Use the following to ansswer question 4: Presented below is information related to Hale Corporation: Common Stock,...
Use the following to ansswer question 4: Presented below is information related to Hale Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, S50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,00o. D) $6,450,000. 5. Kant Corporation retires its $500,000 face value bonds at 102...
D) The bond will be issued at par 7. Which of the following is the amount the borrower must pay back to the bondholders? A) Market value B) Present value C) Stated interest value D) Principal amount 8. Which of the following describes the term maturity date? Tida
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Use the following to answer question 4: Presented below is information related to Ha Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) related to Hale Corporation: $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 orporation is 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,000. D) $6,450,000. 5. Kant Corporation retires its $500,000...
Use the following to answer question 4: Presented below is information related to Hal Common Stock, S1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, S50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) related to Hale Corporation: $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 on is 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,000. D) $6,450,000. 5. Kant Corporation retires its $500,000...
n stock is issued for an amount greater than par value 8. should be credited to a. Retained Earnings b. Cash c. Legal Capital d. Paid-in Capital in Excess of Par e. Unrealized Holding Gains and Losses-Equity to record the amortization of a premium on bonds payable is a. Premium on Bonds Payable b. Interest Expense c. Interest Expense d. Bonds Payable e. Premium on Bonds Payable Interest Expense Premium on Bonds Payable Cash Interest Expense Interest Payable Acorp ration...
Which of the following statements is correct? Multiple Choice There are almost always small differences between the stated rate and the market rate when bonds are issued. The market rate of interest has no bearing on the selling price of the bonds. If the stated rate of interest on a bond is equal to the market rate of interest, then the bond will sell at a premium price. ooo The market rate of interest refers to the interest rate that...
Use the following to ansswer question 4: Presented below is information related to Hale Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock Preferred 8 1/2% Stock, S50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3,500,000 550,000 2,000,000 400,000 1,500,000 150,000 4. The total stockholders' equity of Hale Corporation is A) $7,800,000. B) $7,950,000. C) $6,300,00o. D) $6,450,000. 5. Kant Corporation retires its $500,000 face value bonds at 102...
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