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compensation expense Weiser should record for 2015 under the fair
value method is
6) Carr Corporation retires its $300,000 face value bonds at 105
on January 1, following the payment of interest. The carrying value of
the bonds at the redemption date is $311,235. The entry to record the
redemption will include a
7) On October 1, 2014 Macklin Corporation issued 5%, 10-year
bonds with a face value of $4,000,000 at 104. Interest is paid on
October 1 and April 1, with any premiums or discounts amortized on
a straight-line basis.
The entry to record the issuance of the bonds would include a credit
of
8) Farmer Company issues $25,000,000 of 10-year, 9% bonds on
March 1, 2014 at 97 plus accrued interest. The bonds are dated
January 1, 2014, and pay interest on June 30 and December 31. What
is the total cash received on the issue date?
9) On its December 31, 2014 balance sheet, Emig Corp. reported
bonds payable of $3,000,000 and related unamortized bond issue
costs of $160,000. The bonds had been issued at par. On January 2,
2015, Emig retired $1,500,000 of the outstanding bonds at par plus a
call premium of $35,000. What amount should Emig report in its 2015
income statement as loss on extinguishment of debt (ignore taxes)?
10) Feller Company issues $15,000,000 of 10-year, 9% bonds on
March 1, 2014 at 97 plus accrued interest. The bonds are dated
January 1, 2014, and pay interest on June 30 and December 31. What
is the total cash received on the issue date?