Ranger Corporation Reports the Following Amounts in Their 2018 Financial

question 208

Essay

Ranger Corporation reports the following amounts in their 2018 financial statements:
Instructions
(a) Compute the December 31, 2018, balance in stockholders' equity.
(b) Compute the debt to assets ratio at December 31, 2018.
(c) Compute times interest earned for 2018.
1. What is the stated interest rate for this bond issue?
2. What is the market interest rate for this bond issue?
3. What was the selling price of the bonds as a percentage of the face value?
4. Prepare the journal entry to record the sale of the bond issue on June 30, 2015.
5. Prepare the journal entry to record the payment of interest and amortization on December 31, 2015.

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Definitions:

Adaptive Coping

Strategies that are effectively used to manage or reduce stress through positive actions, thought processes, and emotional responses.

Constructive Coping

Efforts to deal with stressful events that are judged to be relatively healthful.

Appraisal-focused

Refers to coping strategies that involve changing the way one thinks about a stressor or challenge.

Emotion-focused

Emotion-focused strategies involve managing and coping with feelings directly, aiming to reduce the emotional distress associated with different situations.