DUNT Uata On January 1, 20X4, Charms Corporation sold 10% bonds having a maturity value of $700,000. The market
determined that 12% was the appropriate rate of interest, given the risks that Charms Corporation poses
to bondholders. The bonds are dated January 1, 20X4, mature January 1, 20x9, and pay interest on June 30
and December 31 of each year.
Charms Corporation does not elect to report its liabilities at fair market value. Ignore taxes for this
assignment.
Required:
1- Determine the amount that bondholders (investors) will pay Charms Corporation for these bonds when
the bonds are issued on January 1, 20X4.
2- Prepare an amortization schedule for the bond issue using the effective interest method.
3- Prepare the following 20X4 financial statements for Charms Corporation:
Statement of Cash Flows
Income Statement
“Balance Sheet
4- Prepare the following 20x6 financial statements for Charms Corporation:
Statement of Cash Flows

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?