Question: 3. Tara's treasures issues ( $ 750,000 ) face value ( 8 % 5 ) year bonds on Jan 1,2023 . The interest is paid

3. Tara's treasures issues ( $ 750,000 ) face value ( 8 % 5 ) year bonds on Jan 1,2023 . The interest is paid annually every Dec ( 31^{ ext {st }} ). Required: a. Record the issuance of the bonds and the interest payment for Dec ( 31^{ ext {st }} 2023 ) and 2024 Assuming the following information: i. The Bonds are issued at ( 106 % ) ii. The Bonds are issued at ( 92 % ) b. What is the Carrying Value of the bonds on Dec ( 31^{ ext {st }} 2024 ) if the bonds are issued at ( 106 % ) ? c. What is the carrying value of the bonds on Dec ( 31^{ ext {st }} 2024 ) if the bonds are issued at ( 92 % ) ? 4. Pip's Puppy Company purchases ( 35 % ) of the Stock of Tara's Treasure for ( $ 400,000 ) cash on Jan 1, 2023. During 2023 Tara reports net income of ( $ 250,000 ) and declares and pays a dividend of ( $ 125,000 ). Required: a. Record all entries regarding Pip's investment in Tara's Treasures stock. b. What is the ending value of Pip's Investment in Tara's Treasures on Dec ( 31^{ ext {st }} 2023 ) c. How much is reported on the Income Statement pertaining to Pip's Investment and where does it appear on the Income Statement? d. How much is reported on the Balance Sheet regarding Pip's Investment in Tara's Treasures? Where does it appear on the Balance Sheet.

3. Tara's treasures issues $750,000 face value 8%5 year bonds on Jan 1,2023 . The interest is paid annually every Dec 31st. Required: a. Record the issuance of the bonds and the interest payment for Dec 31st2023 and 2024 Assuming the following information: i. The Bonds are issued at 106% ii. The Bonds are issued at 92% b. What is the Carrying Value of the bonds on Dec 31st2024 if the bonds are issued at 106% ? c. What is the carrying value of the bonds on Dec 31st2024 if the bonds are issued at 92% ? 4. Pip's Puppy Company purchases 35% of the Stock of Tara's Treasure for $400,000 cash on Jan 1, 2023. During 2023 Tara reports net income of $250,000 and declares and pays a dividend of $125,000. Required: a. Record all entries regarding Pip's investment in Tara's Treasures stock. b. What is the ending value of Pip's Investment in Tara's Treasures on Dec 31st2023 c. How much is reported on the Income Statement pertaining to Pip's Investment and where does it appear on the Income Statement? d. How much is reported on the Balance Sheet regarding Pip's Investment in Tara's Treasures? Where does it appear on the Balance Sheet

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