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ACC 308 Week 6 Chapter 14 Homework

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ACC 308 Week 6 Chapter 14 CENGAGENOW Homework Taken in May-June of 2019 Questions 1-8 WITH ANSWERS in Document Questions are listed below so you can see if this is the document you are looking for. 1. On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the eff...

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  • June 19, 2019
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  • 2018/2019
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ACC 308 Week 6 Chapter 14 Homework June of 2019
6-1 Homework: Chapter 14
1.On January 1, Canglon, Inc., issues 10%, 5-year bonds with a face value of $150,000 when the effective rate is 12%. Interest is to be paid semiannually.
Prepare calculations to prove that the selling price of the bonds is $138,959.90. Click here to access the tables to use with this exercise . Round your answers to two decimal places, if necessary.
2.On January 1 (the authorization date) of the current year, Temple Company issues $500,000 of 9% bonds at
103. These bonds pay interest on June 30 and December 31.
3.Bonds with Detachable Warrants
Langdon & Co. issues bonds with a face value of $50,000 for $51,000. Each $1,000 bond carries 10 warrants, and each warrant allows the holder to acquire one share of $1 par common stock for $40 per share. Immediately after the issuance, the bonds are quoted at 99 ex rights and the warrants are quoted
at $5 each. Calculate the value to be assigned to the bonds and to the warrants. Round your answers to two decimal places.

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