Concept of straight-line amortization

Assignment Help Accounting Basics

Reference no: EM13139223

On October 1, 2010, Menke Co. purchased to hold to maturity, 200, $1,000, 9% bonds for $208,000. An additional $6,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2014. Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be $4,500.

Reference no: EM13139223

Questions Cloud

What is the volume of liquid : if the density of water at 25.2 degree celcius is 0.997962 g/cm^3, what is the volume of liquid in mL whose mass is 20.762 g?

Regional gardens ltd : The company has some 150 staff, who include management, administrative staff, nursery and Regional Garden Planners staff. The company has a range of different types of relatively old personal computers, which run Windows XP, to connect to the company..

Alpha and omega : Discuss the terms "Alpha and Omega". Include such things as, the origin, the meaning, Bible references, etc.

What is the partial pressure of argon in the flask : A 1-L flask is filled with 1.45 g of argon at 25^0C. A sample of ethane vapor is added to the same flask until the total pressure is 1.25 atm.what is the partial pressure of argon in the flask?

Concept of straight-line amortization : Menke uses straight-line amortization. Ignoring income taxes, the amount reported in Menke's 2010 income statement from this investment should be $4,500.

Topic from the book of romans : Identify and discuss the major issue(s) associated with the topic from the book of Romans, and list four application based principles for life today.

Probability eighth-graders have average score below value : Your performance as a principal depends on how well your entire group of eight-graders scores on the exam. What is the likelihood that your group of 115 eighth-graders will have an average score below 580?

What are the chromosomes doing that allow ths to take place : Seedless watermelons have an odd number of chromosomes (3n or 5n) and thus should not have ANY seeds in them. However, sometimes, there are a few fully developed seeds in them. How is this possible? What are the chromosomes doing that allow ths to..

Roman catholic and presbyterian religions : Compare and contrast Roman Catholics religion to the Presbyterian religion. For example origin, texts, days of worship, rituals, central of beliefs

User Account

All Pages