What is cash interest expense
[DOC File]Professor Paul Zarowin - NYU Stern School of Business
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Note that since the cash coupon is given by the bond contract, and since the interest expense is calculated as shown above, the periodic amortization of the discount or premium is a plug.2. Early Retirement of Bonds. Retirement can be by redemption (for cash) or by swapping the old debt for new debt or new equity.
[DOC File]CASH FLOW STATEMENT
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Depreciation expense (100) SGA (100) Interest expense (50) Income tax expense (40) INDIRECT METHOD. Cash from Operations. Net Income 60 Non Cash Items Depreciation 100 Deferred taxes 10 Δ in operating accounts A/R (20) Inventory (20) Interest payable 10 A/P 25 165. Cash for Investment. Capital Expenditures (150) Cash for Financing
[DOC File]CHAPTERS 3 AND 9—ADJUSTING ENTRIES AND ACCOUNTING FOR ...
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Assets = Liabilities + Owner's Equity + Rev. - Expenses Cash Interest Payable Interest Expense Dec.31 Adj. 280 Dec. 31 Adj. 280 5. Affect if the adjusting entry for accrued expenses is OMITTED: Expenses are understated as did not accrue the additional expense of Interest Expense.
[DOCX File]06158300 - JustAnswer
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Interest expense (debit) 18500. Cash (credit) 20000. 20. Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. ... How much is the cash flow from operating activities on the cash flow statement using the indirect method? 185000. 23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses ...
Chapter 7
Investment interest expense that is not deductible because of the net investment income limitation is carried forward and treated as though it is incurred in the next year. ... She sold the 5,000 shares of stock for cash of $10,000, and she also received a piece of land as part of the proceeds. The land was valued at $20,000 and had an adjusted ...
[DOC File]FA Chapter 10 SM - City University of New York
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June 30 Interest Payable 102,000 Bond Interest Expense 51,000 Cash 153,000 Paid semiannual interest on the bonds. Dec. 31 Bond Interest Expense 153,000 Cash 153,000 Paid semiannual interest on the bonds. Exercise 10-10 (40 minutes) 1. Straight-line amortization table ($4,052/8 = $506.5) Semiannual
[DOC File]Drill 9-D1 Determining accounts affected by adjusting and ...
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3. Recorded closing entry for interest expense account. 4. Recorded reversing entry for accrued interest expense. 5. Paid cash for maturity value of a note payable issued in the previous fiscal period for a business that uses reversing entries. Entry. No. Cash Notes. Payable Accounts. Payable Interest. Payable Interest. Expense Income
[DOC File]THE BUDGETING PROCESS
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Interest expense of $11,764 is then deducted from net operating income to obtain earnings before taxes of $43,756. Total interest expense incurred (but not necessarily paid) during the period equals $7,500 on long-term debt plus $600 on the $12,000 note repaid in May, plus the sum of all interest incurred during the budget period on short-term ...
[DOC File]Element of the cash flow statement - New York University
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Operating cash flows include interest payments and tax payments. Operating income does not include interest expense or tax expense. Operating cash flows include dividends received, interest received and interest paid. However, dividends paid are reported in the financing section of the cash flow statement.
[DOC File]Practice Problem 2
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Cash 20,000 20,000 Jul. 1 Interest Expense. Cash. Discount on Bonds Payable 20,500. 20,000 500 Dec. 31 Interest Expense. Interest Payable. Discount on Bonds Payable 20,500. 20,000 500 Homework Quiz. Bonds. 1. When a bond's stated rate of interest is higher than the market rate of interest, the bond will sell at: a. a premium . b. its face value
[DOC File]CHAPTER 10
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Land 150,000 Building 1,111,900 Cash 1,210,000 Interest Expense 51,900 EXERCISE 10-17 (10–15 minutes) Busytown Corporation Machine ($340 + $85) 425 Accumulated Depreciation 140 Loss on Disposal of Machine 65* Machine 290 Cash 340
[DOC File]Professor Paul Zarowin - NYU Stern School of Business
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Since the cash flows are lower, this new interest rate must be lower than the original effective interest rate of the loan. The borrower then uses this new interest rate to calculate future interest expense = new r% x BV of the loan. Since the new r% is lower, future interest expense is lower (than previously), and net income is higher.
[DOC File]Revenue Bonds and project costs disbursements from System ...
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Interest on indebtedness xx. Cash and cash equivalents yxy. ... this adjustment records the difference between the budgeted interest expense collected through the debt service payments, and the actual interest assigned to each of the institution’s Revolving Loan Program loans.
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