Question: Need help with questions #14,9,16,17,19,20 because for some reason i got them wrong. Idk why but if you help me answer I'll appreciate it with
Need help with questions #14,9,16,17,19,20 because for some reason i got them wrong. Idk why but if you help me answer I'll appreciate it with a thumb up to help you out as well.




On January 1 of Year 1, Tarazi Company leased a truck for a 9-year period under an operating lease and agreed to pay an annual lease payment of $6,000 at the end of each year. The first $6,000 payment will be made on December 31 of Year 1. Which ONE of the following is recorded on the date of the SIGNING of this lease contract on January 1 of Year 1? Lease Liability of $6,000 Lease Liability of $54,000 Leased Asset of $54,000 Leased Asset of $6,000 No asset or liability is recorded on the lease signing date. Lorien Company issued bonds with a coupon rate of 8% and a face amount of $7,500. The bonds mature in 25 years. Bond interest is paid at the end of each year. The market interest rate for bonds with the same degree of riskiness is 149 compounded annually. What is the issuance price of these bonds? $7,500 $4,407 $4,395 $12,304 $8,374 User Company leased computer equipment from Owner Company on January 1 of Year 1. The computer equipment has an expected useful life of 15 years with no expected salvage value. The terms of the lease require annual payments of $10,000 at the end of each year for 15 years with the first payment being made on December 31 of Year 1. The interest rate used in computing the lease payments is 12% compounded annually. User Company is accounting for this lease as a capital lease. [Note: Round your calculations to the nearest dollar.] Compute the TOTAL expense associated with this capital lease for Year 1 assuming that User Company uses straight-line depreciation. $14,541 $22,714 $10,000 $12,714 $15.676 $18, 173 $4,451 $8.173 17 The company has outstanding bonds payable with a total face value of $100,000. On July 1, the company redeemed the bonds by purchasing them on the open market for a total of $102,700. Which ONE of the following would be reported at the time of the redemption of the bonds assuming that the bonds have an unamortized discount of $2,000? Loss on Bond Redemption of $2,000 Gain on Bond Redemption of $2,700 Loss on Bond Redemption of $4,700 Loss on Bond Redemption of $2,700 Gain on Bond Redemption of $4,700 Gain on Bond Redemption of $2,000 19 Lorien Company issued bonds with a coupon rate of 0% and a face amount of $100,000. These are zero-coupon bonds. The bonds mature in 20 years. The market interest rate for bonds with the same degree of riskiness is 79% compounded annually. These bonds were issued on January 1 of Year 1. Note: Round all your calculations to the nearest dollar. How much INTEREST EXPENSE should be reported for Year 1? $3,708 $1,809 $5.191 $7,000 FEEDBACK 0/1 (0.095) On January 1, the company issued 15-year bonds with a face value of $100,000. The bonds carry a coupon rate of 8 percent, and interest is paid semi-annually. On the issue date, the market interest rate for bonds issued by companies with similar riskiness was 10 percent compounded semi-annually. The issuance price of the bonds was $84,628. Compute the net carrying value of the bonds on the books of the issuing company as of December 31 of Year 1, immediately after the SECOND coupon interest payment is made. $85,102.37 $80,396.60 $84,859.40 $80,628.00 $84.396.60 Tune Ed ON CONTACTO FEEDBACK
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