User Account

All Pages

Discuss the amount of interest revenue to be recorded

Assignment Help Accounting Basics
Reference no: EM131787908

On July 1, 20X4, UFO Inc. purchased $300,000 of bonds with a 4% coupon rate that mature on June 30, 15 years later. The bonds provide a 5% yield. Interest is to be received on June 30and December 31 every year. The bonds had a market value of $275,000 on December 31,20X4, and $272,000 on December 31, 20X5. UFO is a public company and applies IFRSs.1. Assuming the bonds will be held to maturity, what is the amount of interest revenue to be recorded for the fiscal year ended December 31, 20X5?

Reference no: EM131787908

Questions Cloud

Salaries and wages expense and salaries and wages : Salaries and wages expense and salaries and wages payable assuming that all February wages will be paid in March
Problem regarding the license plates : South Carolina previously had license plates containing two letters and four digits but now has plates with three letters and three digits.
The national labor relations board-social media firing : The National Labor Relations Board (NLRB) and ‘Social Media Firing’.
Evaluate potential business level strategy for organization : Evaluate potential business level strategies for the organization. Assess potential corporate level strategies for the organization.
Discuss the amount of interest revenue to be recorded : what is the amount of interest revenue to be recorded for the fiscal year ended December 31, 20X5
Next flight to a space station : Astronauts If 8 people are qualified for the next flight to a space station, how many different groups of 3 people can be chosen for the flight?
Daniel pinks rowe theory of motivation states : Daniel Pink's ROWE theory of motivation states that people are more interested in the work when the work itself has meaning.
How many ways can she select 20 different products : If all the products are the same size, in how many ways can she select 20 different products for her case?
Are they going to be a new trend in employment law : Ban the box’ laws: What are they? What states have them and why? Are they going to be a new trend in employment law? Explain.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd