MGAB02H3 Lecture Notes - Lecture 11: 3I, Matura, Gardan

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The bonds were issued on april 1, 2008 and interest is paid semi-annually, on september 30 and. Which of the following would appear as interest payable on the december 31, 2008 balance sheet: $ 75,000, ,000, ,000, ,000, on april 1, 2008, a company issued 5-year, 9% bonds totaling ,000,000 when the market interest rate was 9%. Interest is paid semi-annually on june 30 and december 31. Which of the following represents the amount of cash the company will receive on april 1, 2008, when the bonds are issued: ,000,000, ,157,500, ,315,000, ,630,000. Comment [gqf2]: 7,000,000 + (7,000,000 0. 09 3/12) = ,157,500. On march 1, 2014, newman ltd. issued bonds dated january 1, 2014. ,000 par value, maturing in 10 years and paying 8% annual interest with semi-annual payments on june 30 and december 31. The bonds were sold to investors at par value plus the two-months" accrued interest. Interest payable (600,000 0. 08 2/12) 8,000.

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