Use this information to answer Questions 19-21. Jurgenson Company issued bonds with a $100,000 face value...
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Use this information to answer Questions 19-21. Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had a 7% stated rate of interest that is payable in cash on December 31st of each year. Jurgenson amortizes the bond discount using the straight-line method. Based on this information: The amount of interest expense shown on Jurgenson's December 31, 2019 income statement would be: a $6,600 $7,000 O $7,200, d. $7,400. 06. The total amount of liabilities shown on Jurgenson's December 31, 2020 balance sheet would be: a $99,200 b. $98,800. $10,000. od $98,400. The amount of cash outflow from operating activities shown on Jurgenson's December 31, 2019 statement of cash flows would be: Ⓒa. $7,400. b. $7,000. Oc. $7,800 Od $7,200. Use this information to answer Questions 19-21. Jurgenson Company issued bonds with a $100,000 face value on January 1, 2019. The five-year term bonds were issued at 98 and had a 7% stated rate of interest that is payable in cash on December 31st of each year. Jurgenson amortizes the bond discount using the straight-line method. Based on this information: The amount of interest expense shown on Jurgenson's December 31, 2019 income statement would be: a $6,600 $7,000 O $7,200, d. $7,400. 06. The total amount of liabilities shown on Jurgenson's December 31, 2020 balance sheet would be: a $99,200 b. $98,800. $10,000. od $98,400. The amount of cash outflow from operating activities shown on Jurgenson's December 31, 2019 statement of cash flows would be: Ⓒa. $7,400. b. $7,000. Oc. $7,800 Od $7,200.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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