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Company issued 2 year 5% 15000 bond on 12.31.2011, what is the long term debt

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January 12th, 2018

Questions on accounting problems1. Company issued 2 year 5% 15000 bond on 12.31.2011, what is the long term debt? is it zero since it was due after 2 years or 15000+int?2. a company issued 100 share of $100 stock for 10,000 in Dec. 2011. In Dec. 2012, company reinvested 987 to company. what is the stock holder’s equity in 2013? is it 10,00o or 10987?3. a company bought a machine for 7000 in Dec. 2011, what is the total asset value on 2013? this machine has 5 year life span and uses straight line depreciation.

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