User Account

All Pages

How much is the interest income on january

Assignment Help Financial Accounting
Reference no: EM132811381

On January 1, 20x1, Entity A acquires 5-year, 5%, ?1,000,000 face amount bonds for ?957,876 and classifies them as available for sale financial assets. The issuer pays annual interest every December 31. The effective interest rate is 6%. On December 31, 20x1, the bonds have a fair value of ?980,000.

Problem 1: How much is the interest income in 20x1?

a. 50,000
b. 57, 473
c. 58,800

Reference no: EM132811381

Questions Cloud

Unit 03 Science and Material Assignment : Unit 03 Science and Material Assignment Help and Solution, Higher National Diploma in Computing - Assessment Writing Service
What is gross profit to be recognized : December 31, 2019, to complete the contract is $1,200,000. Altom was billed $600,000 under the contract. What is gross profit to be recognized?
Discuss the international strategy : Discuss the international strategy which would be useful for AB InBev to adapt if they were to enter a country in the Caribbean
What strategies could you suggest to gabriela : Gabriela is a 32-year-old Latino woman with type 2 diabetes and hypertension who is working full time at a fast food restaurant. She has a BMI of 32.
How much is the interest income on january : On January 1, 20x1, Entity A acquires 5-year, 5%, ?1,000,000 face amount bonds for ?957,876. How much is the interest income in 20x1?
Making the case for leadership by garry emmons : Why do you think Toby Jhonson feels that leaders need to show 'vulnerability?' Do you (as a group) agree or disagree with her? Why?
What accrediting body provides accreditation for setting : What type of documentation is required in the medical record for that setting? What accrediting body provides accreditation for that setting?
How much is the carrying amount of the bonds on entity a : On January 1, 201x5 Entity A acquires a 5-year, How much is the carrying amount of the bonds on Entity A's December 31, 20x1 statement of financial position?
Give two examples of leaders or company ceo : Give two (2) examples of leaders or company CEO, or top executives who failed to incorporate some of the attributes in their decision making?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the journal entry to record the issuance of the bond

Prepare the journal entry to record the issuance of the bonds - Prepare the journal entry to record the payment of interest.

  Prepare the current liabilities section of the balance sheet

Winslow Inc., a lawn care and pest control service that also sells lawn equipment, had the following events occur throughout the year 2014. Winslow owned two warehouses next to its corporate office. Prepare the current liabilities section of the Bala..

  Find the market price of share using the walter model

Find The market price of its share using the Walter`s model is Rs. Equity capitalisation rate (Ke)= 16% , Earnings per share (E) = Rs 13

  Mina patel has seen attractive advertisements for dixons

mina patel has seen attractive advertisements for dixons retail plc and its uk-based brands. she is also aware of the

  Perform a hypothesis test

What would be your answer in (a) if the sample mean is 328.9 mL and the standard deviation is 3 mL?

  Net revenues reduction

Net Revenues reduction in the operating margin five years from now

  Explain what do perceive as an immediate threat

Explain What do perceive as an immediate threat or threats confronting modern organisations now? What about opportunities?

  What is the dividend yield for each of these four equities

Z is a growth stock that will increase its dividend by 20 per cent for the next two years. What is the dividend yield for each of these four equities

  What account and amount would credit

The payment date for the cash dividend is June 30. What account and amount would we credit when we record the journal entry on the date of payment?

  Discuss the financial statements are there financial trends

Discuss the financial statements...are there financial trends that show the org is meeting its mission? The analysis of the organization using an accounting perspective.

  Calculate stricklers cash conversion cycle

What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 9 for the year?

  Calculate the NPV for project Z

Project Z has an initial investment of $52,703.00. The corporation has a WACC of 8.29%. Calculate the NPV for project Z

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