Cronan, Inc., sells $\$ 1,000,000$ general obligation bonds for 98 . The interest rate on the bonds, paid quarterly, is 6 percent. Calculate
(a) the amount that the company will actually receive from the sale of the bonds.

When a corporation issues bonds at a discount, is the discount recorded as income when the bonds are issued? Explain.

Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortized discount of$10,000, they were called in at 104. To pay for these bonds, Day had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 103 (face value $300,000).

Instructions

Ignoring interest, compute the gain or loss and record this refunding transaction.

Union Electric sold $5,000,000, 5%, 10-year bonds on January 1, 2014. The bonds were dated January 1 and pay interest on January 1. The bonds were sold at 103.

Instructions

(a) Prepare the journal entry to record the issuance of the bonds on January 1, 2014.

Discount Pizza retires its 7% bonds for $68,000 before their scheduled maturity. At the time, the bonds have a face value of$70,000 and a carrying value of $64,168. Record the early retirement of the bonds.

Which of the following statements about chemical bonds is true?

(a) Covalent bonds are stronger than ionic bonds.
(b) Hydrogen bonds occur between two atoms of hydrogen.
(c) ​Bonding readily occurs between nonpolar and polar molecules
(d) A molecule of water is unlikely to bond with an ion.

Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2017, when these bonds had an unamortized discount of$10,000, they were called in at 104. To pay for these bonds, Day had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 103 (face value $300,000).

Ignoring interest, compute the gain or loss and record this refunding transaction.

A piece of land along Bayou Liberty is to be fenced and subdivided as shown so that each rectangle has the same dimensions. Express the total amount of fencing needed as an algebraic expression in $x$.

What is a hydrogen bond? Why do hydrogen bonds depend on the existence of polar covalent bonds? What role do hydrogen bonds play in the three-dimensional structure of large molecules?

Whiston Securities recently issued convertible bonds with a 1,000 dollars par value. The bonds have a conversion price of 20 dollars per share. What is the bonds' conversion ratio, CR?

Kershaw Electric sold $6,000,000, 10%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and paid interest on January 1. The bonds were sold at 98.

Instructions (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2017. (b) At December 31, 2017,$8,000 of the Discount on Bonds Payable account has been amortized. Show the balance sheet presentation of the long-term liability at December 31, 2017. (c) On January 1, 2019, when the carrying value of the bonds was $5,896,000, the company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid.

Which of the following statements about chemical bonds is true?

a. Covalent bonds are stronger than ionic bonds.

b. Hydrogen bonds occur between two atoms of hydrogen.

c. Bonding readily occurs between nonpolar and polar molecules.

d. A molecule of water is unlikely to bond with an ion.

If bonds and stocks are substitutes, then what should we see happen when bonds offer high returns?

Jason paused on step 189 on his way to the top of the Statue of Liberty. If there were 354 steps in all, how many more steps did Jason have to climb?