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1)Golden Company received proceeds of $94,250 on 10-year, 8% bonds issued on January 1, 2007. The bonds had a face value of $100,000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Golden uses the straight-line method of amortization. Golden Company decided to redeem the bonds on January 1, 2009. What amount of gain or loss would Golden report on its 2009 income statement? a)$5,600 gain b)$4,600 loss c)$4,600 gain d)$5,600 loss 2)Simon Company issued 6,000 shares of its 5 par value common stock in payment of its attorney's bill of 45,000. The bill was for services performed in helping the company incorporate. Simon should record this transaction by debiting a)legal expense for $30,000 b)legal expense for $45,000 c)organization expense for $30,000 d) organization expense for $45,000

Submitted: 36 days and 22 hours ago.
Category: Homework
Value: $9
Status: CLOSED
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Posted by BusinessTutor 36 days and 22 hours ago.

Info Request

Hi Koks

 

If you want to, you can create a post with all the questions you need help with and offer a combined amount and I wil lpost all solutions.

 

If you choose to do that, please advise your deadline.

 

I will post the solutions to the above in a couple of minutes

36 days and 22 hours ago.

Reply

Yes, I have some more questions. Is it possible to ask them in an hour? And how can I create a post? (sorry about that, it's just because my English is not so good and i can't understand some things from this site)

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Expert: BusinessTutor
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Answered: 10/17/2009

Tutor

MBA - Finance. More than 5000 online tutoring sessions.

35 days and 22 hours ago.

Reply

Hello

I have several accounting questions,

$15

i need answers approximately in 3 hours

is it possible?

Posted by BusinessTutor 35 days and 21 hours ago.

Info Request

Hello again koks

 

I have responded to your new post, let us keep all of our communication on the new post, but yes, I can do them in 3 hours

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