怀尔德《会计学原理》19版答案Chapter-12.pdfVIP

Chapter 12 Long-Term Liabilities QUICK STUDIES Quick Study 12-1 (10 minutes) 1. Bond’s cash proceeds: $150,000 x 0.9325 = $139,875 2. Twenty semiannual interest payments of $5,250* $105,000 Plus bond discount ($150,000 - $139,875) 10,125 Total bond interest expense $115,125 *$150,000 x 0.07 x ½ = $5,250 3. Bond interest expense on first payment date: $115,125 / 20 semiannual periods = $5,756.25 (or $5,756 rounded) Quick Study 12-2B (10 minutes) 1. Bond’s cash proceeds: $350,000 x 1.0975 = $384,125 2. Thirty semiannual interest payments of $12,250* $367,500 Less premium ($384,125 - $350,000) (34,125) Total bond interest expense $333,375 *$350,000 x 0.07 x ½ = $12,250 3. Bond interest expense on first payment date: $384,125 x 3% = $11,523.75 (or $11,524 rounded) ©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 14 739 Quick Study 12-3 (10 minutes) 2009 Jan. 1 Cash 139,875 Discount on Bonds Payable 10,125 Bonds Payable 150,000 To record issuing bonds at a discount. Jan. 1 Cash 384,125 Bonds Payable 350,000 Premium on Bonds Payable 34,125 To record issuing bonds at a premium. Quick Study 12-4 (10 minutes) a. Using facts in QS 12-1, the bond’s cash proceeds for the bond selling at a discount are computed as follows Cash Flow Table Value Present Value $150,000 par (maturity) value 0.4564 $ 68,460 $ 5,250 interest payment 13.5903