On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price established a bond discount of $20,000. In connection with the sale of these bonds. Cobb paid the following expenses:
Legal and accounting fees $45,000
Printing of the prospectus 55,000
Underwriting fees 85,000
In Cobb's December 31, 20X5, balance sheet, bond issue costs total
a. $120,000.
b. $130,000.
c. $160,000.
d. $185,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price established a bond discount of $20,000. In ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the children's ages is 3,238 years. how many 11-year-old children does the recreation program serve?
Answers (2)
Although the ethics codes of the various professional organizations have specific differences, some of the common themes include:
Answers (1)
In 2017, Wagner Industries purchased a piece of equipment with an estimated useful life of 10 years. Each year, Wagner expenses 1/10 of the equipment's cost. This is an example of A : depreciation. B : goodwill. C : unethical accounting practices.
Answers (1)
You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $19,000, $27,000, $48,000, and $72,000 to you each year over the next four years, respectively. All payments will be made at the end of the year.
Answers (1)
Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove "Dear", because it is an informal letter b. The author should remove the background color from the letter c.
Answers (1)
New Questions in Business
Which of the following statements is true about work hour regulations for 14 and 15-year-olds? They can work up to 30 hours during a school week They can only work outside school hours They can work up to 3 hours during school days They can start
Answers (1)
Rebecca is concerned about the number of customers complaining about the poor service provided by the department she manages for a hardware store. She is convinced that her employees can provide better service and cut complaints significantly.
Answers (1)
Suppose that a person's nominal income rises by 5 percent and the price level rises from 125 to 130. The person's real income will a) rise by about 4 percent. b) rise by about 1 percent. c) remain constant. d) fall by about 1 percent.
Answers (1)
On February 3, Smart Company sold merchandise in the amount of $5,800 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Smart uses the perpetual inventory system and the gross method.
Answers (1)
D. what is the currentjobid of employees that work in the personnel department
Answers (1)