Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Entry for Retirement of Bond; Bond Issue Costs
On January 2, 2005, Prebish Corporation issued $1,500,000 of 10% bonds at 97 due December 31, 2014. Legal and other costs of $24,000 were incurred in connection with the issue. Interest on the bonds is payable annually each December 31. The $24,000 issue costs are being deferred and amortized on a straight-line basis over the 10-year term of the bonds. The discount on the bonds is also being amortized on a straight-line basis over the 10 years. (Straight-line is not materially different in effect from the preferable "interest method".) The bonds are callable at 101 (i.e., at 101% of face amount), and on January 2, 2010, Prebish called $1,000,000 face amount of the bonds and retired them. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Prebish as a result of retiring the $1,000,000 of bonds in 2010 and prepare the journal entry to record the retirement.
What is meant by ratio analysis? Pick an actual company firm on the New York Stock Exchange and a ratio analysis utilizing at least six common ratios
How do you think the value of these brands is reported on the appropriate company's balance sheet?
the control environment reflects the companys attitude awareness and actions of management and the board concerning the
Mulberry Corporation has an August 31 year-end. Mulberry had $50,000 in accumulated E & P at the beginning of its 2015 fiscal year (September 1, 2014) and during the year, it incurred a $75,000 operating loss. It also distributed $65,000 to its sole ..
Matching Cost Behavior Descriptions to Cost Behavior Graphs Select the graph (A through K) that best matches the numbered (1 through 6) descriptions of various.
If an officer is not actually paid his salary but the salary is shown as accrued for 2010, for a C Corp, is the total accrued amount for that officer included on Schedule E or only what the officer is actually paid in 2010?
A company has capital of $200 million. It has an EROIC of 9%, forecasted constant growth of 5%, and a WACC of 10%. What is its value of operations? What is its intrinsic MVA?
According to the 2004 Economic Report of the President, "Another crucial principle [of tax incidence] is that only people can pay taxes. Businesses and other artificial entities cannot pay taxes." Do you agree that businesses cannot pay taxes? Don..
Determined the cost of jobs completed. Determine the cost of the unfinished jobs at January31
Partnership agreements can vary, depending upon what the partner contributes to the agreement. Each partner brings certain personal skills and assets into a partnership.
ACCT 504- What is Barnett's average days in inventory for 2010? Use the information for Boxter, Inc., Clifford Company, Danforth Industries, and Evans Services to answer the question "What is Danforth's LIFO reserve for 2009?"
How much would need to be charged per hour for the centre to cover its costs? Explain why the per-hour charge decreased as the activity output increased
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd