Find what amount will dudas report the bonds on december

Assignment Help Accounting Basics
Reference no: EM132601156

Question 1: On January 1, 20X4, Dudas Accounting Corp. bought $1,000,000 of 4.5% bonds that pay interest semi-annually on June 30 and December 31. The market rate of interest on January 1, 20X4, was 4%. The company intends to hold on to the bonds up to their December 31, 20X8, maturity date to collect all of the contractual cash flows. The market value of the bonds on December 31, 20X4, was $1,023,000. Dudas reports its financial results in accordance with IFRS. At what amount will Dudas report the bonds on its December 20X4 statement of financial position?

a) $1,018,149

b) $1,018,314

c) $1,022,456

d) $1,023,000

Reference no: EM132601156

Questions Cloud

Macroeconomic equilibrium at full employment : Assume the United States economy is macroeconomic equilibrium at full employment, when it experiences a technology bust
What is one characteristic of high reliability organizations : Give an example from the book where insufficient testing was a factor in a program error or system failure. What is one characteristic of high reliability.
Find a newswithin the last month article : Find a newswithin the last month article published that discusses trade deficit of the U.S., summarize key points.
Future total factor productivity : Economic agents anticipate that future total factor productivity will fall, but the government thinks that this view is irrational.
Find what amount will dudas report the bonds on december : The market rate of interest on January 1, 20X4, Find what amount will Dudas report the bonds on its December 20X4 statement of financial position?
Graph the supply and demand for the real money balance : Money demand and money supply is given by ( M/P)d=1000r and (M/P)s=1000 and the price level is 2
Exchange rate of us dollar to kenya : The exchange rate of US Dollar to Kenya shilling has moved from 104 in March to 108(Kenya shilling to one dollar) as of now.
How can a company generate capital to be used : How can a company generate capital to be used to re-invest into the company (to create more value for investors or grow the company)?
What is the correct calculation for free cash flow : What is the correct calculation for Free Cash Flow? Operating Cash Flow less Net Capital Expenditures less dividends paid./ Investing Cash flow less Net Cash

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.

  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!

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