题目内容

The carrying value of a bond immediately after the bond was issued was $245,000. The bond price was 80. The face value of the bond was:

A.$306,250.
B.$345,000.
C.$249,900.
D.$250,000.

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If bonds have been issued at a premium, over the life of the bonds, the:

A.carrying value of the bonds will decrease.
B.carrying value of the bonds will increase.
C.interest expense will increase.
D.interest payment will increase.

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Over the term of a bond, the amortization of the premium on bonds payable:

A.increases the amount of cash paid to bondholders annually.
B.decreases the amount of cash paid to bondholders annually.
C.increases interest expense.
D.decreases interest expense.

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Solderman Company issued $500,000, 6%, 10-year bonds for $432,800 with a market rate of 8%. The effective-interest method of amortization is to be used and interest is paid annually. The journal entry on the first interest payment date would include a:

A.credit to Interest Expense of $30,000.
B.credit to Cash of $34,624.
C.credit to Discount on Bonds Payable of $4,624.
D.credit to Interest Expense of $4,624.

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On January 1, 2014, Chin Corporation issued $3,000,000, 14%, 5-year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $3,219,600. The market rate of interest for these bonds was 12%. Under the effective-interest method, what is the interest expense for the six months ending July 1, 2014?

A.$180,000.
B.$188,040.
C.$193,176.
D.$210,000

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The carrying value of a bond immediately after the bond was issued was $245,000. The bond price was 80. The face value of the bond was:

A.$306,250. B.$345,000. C.$249,900. D.$250,000.

If bonds have been issued at a premium, over the life of the bonds, the:

Over the term of a bond, the amortization of the premium on bonds payable:

Solderman Company issued $500,000, 6%, 10-year bonds for $432,800 with a market rate of 8%. The effective-interest method of amortization is to be used and interest is paid annually. The journal entry on the first interest payment date would include a:

A.$306,250.
B.$345,000.
C.$249,900.
D.$250,000.