Question 11. Question : (TCO D) Reich, Inc. issued bonds with a
maturity amount of $200,000 and a maturity 10 years from date of
issue. If the bonds were issued at a premium, this indicates that
Question 12. Question : (TCO D) If bonds are issued between
interest dates, the entry on the books of the issuing corporation
could include a
Question 13. Question : (TCO D) On January 1, 2010, Ellison Co.
issued 8-year bonds with a face value of $1,000,000 and a stated
interest rate of 6%, payable semiannually on June 30 and December
31. The bonds were sold to yield 8%. Table values are as follows:
Present value of 1 for eight periods at 6% .627
Present value of 1 for eight periods at 8% .540
Present value of 1 for 16 periods at 3% .623