Southlake Corporation issued $900000 of 8% bonds on March 1 20X1. The bonds pay

Southlake Corporation issued $900000 of 8% bonds on March 1 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow. Case AThe bonds are issued at 100. Case BThe bonds are issued at 96. Case CThe bonds are issued at 105. Southlake uses the straight-line method of amortization. Instructions: Complete the following table: Case A Case B Case Ca. Cash inflow on the issuance date _______ _______ _______b. Total cash outflow through maturity _______ _______ _______c. Total borrowing cost over the life of the bond issue _______ _______ _______d. Interest expense for the year ended December 31 20X1 _______ _______ _______e. Amortization for the year ended December 31 20X1 _______ _______ _______f. Unamortized premium as of December 31 20X1 _______ _______ _______g. Unamortized discount as of December 31 20X1 _______ _______ _______h. Bond carrying value as of December 31 20X1 _______ _______ _______

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