12. When a U.S. resident increases her holdings of a foreign
financial asset, this item is...
12. When a U.S. resident increases her holdings of a foreign
financial asset, this item is recorded as a:
a. credit entry in the U.S. current account.
b. debit entry in the U.S. current account.
c. credit entry in the U.S. capital account.
d. debit entry in the U.S. capital account.
13. When a foreign resident increases her holdings of a U.S.
financial asset, the :
a. current account of the U.S. balance of payments will be
credited.
b. current...
Show how each of the following would affect the U.S. balance of
payments. Include a description...
Show how each of the following would affect the U.S. balance of
payments. Include a description of the debit and credit items, and
in each case state which specific account is affected: the current
account (CA), the capital account (KA), the non-reserve financial
account (F ANR), or the official settlements balance (OSB)?
(a) (3 points)A California computer manufacturer purchases a$50
hard disk from a Malaysian company, paying the funds from a bank
account in Malaysia.
b) (3 points)A U.S. tourist...
The Colson Company issued $300,000 of 10% bonds on January 1,
2020. The bonds are due...
The Colson Company issued $300,000 of 10% bonds on January 1,
2020. The bonds are due January 1, 2025, with interest payable each
July 1 and January 1. The bonds were issued at 103. Prepare the
journal entries for (a) January 1, (b) July 1, and (c) December 31.
Assume The Colson Company records straight-line amortization
semiannually.
No.
Date
Account Titles and Explanation
Debit
Credit
(a)
choose a transaction date
enter an account title
enter a debit amount
enter a...
On January 1, 2005, Systil Corporation issues $50 million,
10-year bonds with a coupon rate of...
On January 1, 2005, Systil Corporation issues $50 million,
10-year bonds with a coupon rate of 10%. Interest is payable
annually at the end of the year. If the required return on bonds of
similar risk at January 1, 2006, is 8%, what will be the price of
the bonds be at this date?
A.
$56.71 million
B.
$56.25 million
C.
$44.24 million
D.
$43.86 million
On January 1, 2005, Systil Corporation issues $50 million,
10-year bonds with a coupon...
On January 1, 2020, Sweetwood Corporation issues $5 million,
10-year, 9% bonds at 96, with interest...
On January 1, 2020, Sweetwood Corporation issues $5 million,
10-year, 9% bonds at 96, with interest payable annually on January
1. Which journal entry below should be used to record this
transaction on January 1, 2020? (Pick the corresponding letter (a),
(b), (c), or (d) for your answer.)
(a) Cash...........................................
5,000,000
Bonds Payable...........................................
5,000,000
(b) Cash...........................................
4,800,000
Bonds Payable...........................................
4,800,000
(c) Discount on Bonds Payable..... 200,000
Cash............................................. 4,800,000
Bonds Payable.........................................
5,000,000
(d) Cash......................................... 5,000,000
Bonds...