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3141 - Chapter 14 CPA

3141 - Chapter 14 CPA
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Side ASide B
On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest....
a) $1,015,000
On January 1, 2010, Solis Co. issued its 10% bonds in the face amount of $3,000,000, which...
b) $377,400
On July 1, 2009, Noble, Inc. issued 9% bonds in the face amount of $5,000,000, which mature...
a) $264,050
On January 1, 2010, Huff Co. sold $1,000,000 of its 10% bonds for $885,296 to yield 12%. a.  ...
c.   $53,118
On January 1, 2011, Doty Co. redeemed its 15-year bonds of $2,500,000 par value for 102. a.  ...
a.   $90,000
On its December 31, 2010 balance sheet, Emig Corp. reported bonds payable of $6,000,000 and...
d.         $230,000
On January 1, 2006, Goll Corp. issued 1,000 of its 10%, $1,000 bonds for $1,040,000. a.  ...
d.   $8,000 gain.
On June 30, 2011, Omara Co. had outstanding 8%, $3,000,000 face amount, 15-year bonds maturing...
c.   $2,865,000.
A ten-year bond was issued in 2009 at a discount with a call provision to retire the bonds....
c.         face amount less unamortized discount.
Paige Co. took advantage of market conditions to refund debt. This was the fourth refunding...
c.   part of continuing operations.
Eddy Co. is indebted to Cole under a $400,000, 12%, three-year note dated December 31, 2009....
          disposal      ...


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