QUESTION 8 Stanger Inc. originally planned to issue $100,000 of 6.0% par bonds on January...
50.1K
Verified Solution
Link Copied!
Question
Accounting
QUESTION 8 Stanger Inc. originally planned to issue $100,000 of 6.0% par bonds on January 1, 20X7 with interest payable on June 30 and December 31. Due to some delays in the regulatory approval process the bonds are not issued (sold) until March 1, 20x7. What was the total amount of cash that Stanger Inc received from the sale of the bonds? a $100,000 ob. $102,000 o C $ 101,000 Od. $99,000 QUESTION 15 Bob's Hot Tubs Inc. sold $200,000 worth of hot tubs in 20x6. A three year comprehensive warranty is included in the sales price. Historically, warranty costs have averaged 2% of total sales. During 20X6, the firm incurred $2,000 to service goods sold in 2005 and $400 to service goods sold in 20X6. What was Bob's warranty expense for 20X6? O a $4,000 b. $400 O $2,400 Od. $2,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
