On January 1, Year 1, Fox Co, Inc, issues $100,000 par value, 10% bonds maturing in 10 years to yield 12% per year, compounded semiannually on January 1 and July 1 . Use the present value tables. Refer to the Fox Co Inc example. What is the bonds payable account (net of any bond discount or premium) at the end of Year 2 to the nearest amount shown?
a. $104,374
b. $100,000
c. $89,172
d. $85,519
e. $83,519
C
You might also like to view...
State laws regulating genetically modified food are typically declared unconstitutional on the basis that they are preempted by federal law
a. True b. False Indicate whether the statement is true or false
Necessaries include
a. the basics-food, clothing and shelter. b. the services of an attorney. c. things included in the minor's station in life. d. all of these.
Design collaboration is a typical customer relationship management application
Indicate whether the statement is true or false.
Greer Company pays Jamal Perry a salary of $4000 per week. How much FICA tax must Greer pay with regards to this employee (including both the employee and employer portions)? (Assume a Social Security rate of 6 percent on the first $110,000 of income and a Medicare rate of 1.5 percent on all earnings.)
A. $600 B. $480 C. $0 D. $300