What amount did spear receive from the bond issuance, Accounting Basics

+44 141 628 6080
[email protected]

What amount did spear receive from the bond issuance

On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable semiannually on April 1 and October 1.

Required: What amount did Spear receive from the bond issuance?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount did spear receive from the bond issuance

Reference No:- TGS0698882

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Calculate the interest that had already been accrued

Indicate the accounts that would be debited and credited and indicate the type of transaction as: 1) external transaction, 2) internal transaction recorded as an adjusting journal entry, and 3) closing entry.

Q : Compare internal control issues between invoice approval

Compare internal control issues between the invoice approval and payment process in a manual office with that of an automated office where all departments are connected to the same AIS. Is an ink pen signature more desirable than a digital approva

Q : What effect would there on sequence of protein produced

If the DNA coding sequence -CAA-CCG-GAT- were miscopied during replication and became -CGA-CCG-GAT-, what effect would there he on the sequence of the protein produced?

Q : How expense will be recognized over the life of these bonds

Alberto Comapy issues 8%, 10-year semi-annual bonds with a par value of $350,000. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87½.

Q : What amount did spear receive from the bond issuance

Q : Type of difference deferred tax

A company records an unrealized loss on short-term securities. This would result in what type of difference and in what type of deferred income tax?

Q : The effective-interest method of amortizing

On January 1, 2010, Solis Co. issued its 10% bonds in the face amount of $3,000,000, which mature on January 1, 2020. The bonds were issued for $3,405,000 to yield 8%.

Q : What net carrying amount should be used in computing

On June 30, 2011, Omara Co. had outstanding 8%, $3,000,000 face amount, 15-year bonds maturing on June 30, 2021. Interest is payable on June 30 and December 31.

Q : What does your company use

Controlling inventory has evolved with the widespread use of technology. Describe one advance in technology that helps reduce theft or errors.

1961620

Questions
Asked

3,689

Active Tutors

1459601

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount did spear receive from the bond issuance

Reference No:- TGS0698882

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the interest that had already been accrued

Q : Compare internal control issues between invoice approval

Q : What effect would there on sequence of protein produced

Q : How expense will be recognized over the life of these bonds

Q : What amount did spear receive from the bond issuance

Q : Type of difference deferred tax

Q : The effective-interest method of amortizing

Q : What net carrying amount should be used in computing

Q : What does your company use

Describe some of your personality traits

Identify a specific theory of cognitive or moral development

Discussion about the nature versus nurture

Examine historical literature to the most current period

Is early food experiences can impact development

Discuss social worker working with foster children

Identify one antecedent, one behaviour, and one consequence

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount did spear receive from the bond issuance

Reference No:- TGS0698882

Recent Questions Asked Accounting Basics

Q : Calculate the interest that had already been accrued

Q : Compare internal control issues between invoice approval

Q : What effect would there on sequence of protein produced

Q : How expense will be recognized over the life of these bonds

Q : What amount did spear receive from the bond issuance

Q : Type of difference deferred tax

Q : The effective-interest method of amortizing

Q : What net carrying amount should be used in computing

Q : What does your company use

Asked Questions