Chapter 9 Long Term Financing
Problem Set Solution
3. What is the face amount of the bonds?
4. What is the term to maturity in years?
5. What is the stated annual interest rate?
6% (600,000 cash paid / 20,000,000 face value) x 2
CHAPTER 12 IN CLASS EXERCISES
1. Renee Jackson is a partner in Sports Promoters. Her beginning partnership capital balance for the current year is
$55,000, and her ending partnership capital balance for the current year is
Chapter 8 Current Liabilities Worksheet Group 2
P8-2B Eskimo Joe'sEskimo Joe's, designer of the world's second best-selling T-shirt
(just behind Hard Rock Cafe), borrows $20 million cash on November 1, 2012.
Eskimo Joe's signs a six-month, 9% promissory n
Chapter 8 Current Liabilities Worksheet Group 1
P8-2C Aerospace Engineering borrows $40 million cash on November 1, 2012. Aerospace signs a six-month, 6%
promissory note to First National Bank under a prearranged short-term line of credit. Interest on the
Chapter 15 In Class Exercise
Recording transactions and fair value adjustments for trading securities
Harris Company, which began operations in 2013, invests its idle cash in trading securities. The following transactions relate to its
Chapter 16 Worksheet SOLUTION
MATCHING DRILL Listed below are several transactions. For each transaction, indicate by letter whether the
cash effect of each transaction is reported in a statement of cash flows as an operating (O), investing