question archive 1) How do I amortize this without a salvage rate? On February 1, 2004, the Foose Corporation issued $300,000 worth of bonds; the bonds were dated February 1, 2004, and they sold for $303,600
1) How do I amortize this without a salvage rate? On February 1, 2004, the Foose Corporation issued $300,000 worth of bonds; the bonds were dated February 1, 2004, and they sold for $303,600
Subject:AccountingPrice: Bought3
1) How do I amortize this without a salvage rate?
On February 1, 2004, the Foose Corporation issued $300,000
worth of bonds; the bonds were dated February 1, 2004, and
they sold for $303,600. Maturity date for this issue is February 1,
2024. Interest is to be paid semiannually, on July 31 and
January 31. The interest rate is 6% and interest coupons are to
be used.
.
2) Presented below is information related to Waterway Industries:
Common Stock, $1 par$3460000
Paid-in Capital in Excess of Par?Common Stock551000
Preferred 8 1/2% Stock, $50 par1810000
Paid-in Capital in Excess of Par?Preferred Stock388000
Retained Earnings 1500000
Treasury Common Stock (at cost)150000
The total stockholders' equity of Waterway Industries is
$6059000.
$7709000.
$6209000.
$7559000
