On April 1, 2024 Eagle Corp. purchased $80,000 of Bobcat Inc…

On April 1, 2024 Eagle Corp. purchased $80,000 of Bobcat Inc.’s 6% bonds at a purchase price of 96. At the time of purchase the market rate of interest was 8%.  Eagle Corp., whose year end is December 31, expects to hold the bonds until their maturity date 5 years from the date of purchase. Interest on the bonds will be paid every April 1 and October 1 until maturity.  What is the carrying value (amortized cost) of the bond that Eagle Corp. would report on October 1, 2024?   Answer:  $_______

Eagle Corp. had the following data for the month of March:…

Eagle Corp. had the following data for the month of March: Beginning inventory, March 1 316 units at $16 per unit March 19 purchase 204 units at $25 per unit March 27 purchase 198 units at $27 per unit On March 31, 230 units are still on hand. Determine the cost of goods sold for March if Eagle Corp. uses the FIFO method. Answer:  $_______

On January 1, 2024, Eagle Corp. issued $4 million of 10 year…

On January 1, 2024, Eagle Corp. issued $4 million of 10 year bonds at an 8% stated interest rate to be paid annually.  Eagle Corp. issued the bonds for $3,501,514 since the market rate of interest was 10%.  What is the carrying value of the bond that Eagle Corp. would report on its December 31, 2024 balance sheet? (round to the nearest dollar)