Corinne id investing $200,000 in a fund that earns 8% interest compounded annually. What equalamounts can corinne withdraw at the of each of the next 20yrs?

On March 1, 2006, Brown-Ferring Corporation issued $100 million of 12% bonds, dated January 1, 2006, for $99 million (plus accrued interest). The bonds mature on December 31, 2025, and pay interest semiannually on June 30 and December 31. Brown-Ferring’s fiscal period is the calendar year.



Required:
Determine the amount of accrued interest that was included in the proceeds received from the bond sale.
Prepare the journal entry for the issuance of the bonds by Brown-Ferring.

The balance sheet of Indian River Electronics Corporation as of December 31, 2005, included 12.25% bonds having a face amount of $90 million. The bonds had been issued in 1998 and had a remaining discount of $3 million at December 31, 2005. On January 1, 2006, Indian River Electronics called the bonds before their scheduled maturity at the call price of 102.



Required:
Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2006.

On January 1, 2006, Instaform, Inc. issued 10% bonds with a face amount of $50 million, dated January 1. The bonds mature in 2025 (20 years). The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually.


Determine the price of the bonds at January 1, 2006, and prepare the journal entry to record their issuance by Instaform.

Assume the market rate was 9%. Determine the price of the bonds at January 1, 2006, and prepare the journal entry to record their issuance by Instaform.

Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2, prepare the journal entry to record their purchase by Broadcourt.

The balance sheet of Indian River Electronics Corporation as of December 31, 2005, included 12.25% bonds having a face amount of $90 million. The bonds had been issued in 1998 and had a remaining discount of $3 million at December 31, 2005. On January 1, 2006, Indian River Electronics called the bonds before their scheduled maturity at the call price of 102. What amount would be recorded as a loss on the extinguishment of debt, if any?

The thread is 2 years old.

Please do not tag onto the bottom of other people's threads. It just causes us to have to open and look through threads that are irrelevant. Start your own thread for your question.

Also, please read the guidelines for posting home questions:
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Please how is joint life policy insurance treated if the surrender value is shown in the balance sheet and full value of the policy shown in the additional informational upon the death of a partner?

It's bad enough when people tag onto other people's threads. It's even worse when they don't bother to even read what is on that thread.

Read the post right above yours!

The balance sheet of Indian River Electronics Corporation as of December 31, 2010, included 12.25% bonds having a face amount of $90 million. The bonds had been issued in 2003 and had a remaining discount of $3 million at December 31, 2010. On January 1, 2011, Indian River Electronics called the bonds before their scheduled maturity at the call price of 102. Required:
Prepare the journal entry by Indian River Electronics to record the redemption of the bonds at January 1, 2010.