2013 Archives - WRITERS CAMPUS

Accounting Homework Help

On July 31, 2013, Camelot Castle Resorts issues a $3,2500,000, 10

Writerscampus54 years ago10 months ago01 mins

On July 31, 2013, Camelot Castle Resorts issues a $3,2500,000, 10 year, 8.5% Bond with interest payable semiannually on January 31 and July 31 of each year. The market interest rate on the date of issuance is 5%. Camelot Castle Resorts uses the effective interest method to amortize bonds. Calculate the issuance price of the…

Accounting Homework Help

On December 31, 2013, Parminter Corporation owned an 80% interest

Writerscampus54 years ago11 months ago02 mins

On December 31, 2013, Parminter Corporation owned an 80% interest in the common stock of Sanchez Corporation and an 80% interest in Sanchez’s preferred stock. On December 31, 2013, Sanchez’s stockholders’ equity was as follows: 10% preferred stock, cumulative, $10 par value $50,000 Common stock 350,000 Retained earnings 100,000 Total stockholders’ equity $500,000 On December…