How much should abc unamortized bond discount

Assignment Help Accounting Basics
Reference no: EM133073262

Question - On January 02, 2020, ABC Company issued its 9% bonds in the face amount of P4,000,000 which mature on January 01, 2030. The bonds were issued for P3,756,000 to yield 10%. ABC uses the effective interest method of amortizing the discount. Interest is payable annually on December 31. On December 31, 2021, how much should ABC's unamortized bond discount?

Reference no: EM133073262

Questions Cloud

Valuation by multiples and comparables : You are trying to evaluate the fair value of Alaska Airlines' stock. To do so, you have identified 5 comparable publicly traded firms and you obtained the curre
Project proposal for networking course project : Prepare project proposal for Networking Course Project - A brief description of the modules in your project E.g. Administrator Module, User Module, etc
How is the cash conversion cycle calculated : How is the cash conversion cycle calculated? If Myer's cash conversion cycle went from 20 days in 2015 to negative (-) 4 days in 2016 what does this indicate ab
Attributes of a good security for loan guarantee : Examine three attributes of a good security for loan guarantee
How much should abc unamortized bond discount : Interest is payable annually on December 31. On December 31, 2021, how much should ABC's unamortized bond discount
What is the expected return on foragist common stock : you are considering buying some shares of foragist inc. The company's stock has a current price of $12 per share, the company has announced that its dividend th
What are the amounts reported in abc financial statements : After the first year, the rent continues at P8,000 per month. What are the amounts reported in ABC financial statements for the year 2021
How much will plant get : Lillian is doing some gardening, so she bought 1 kilogram of soil. She wants to spread the soil evenly between her 4 plants. How much will each plant get?
Information risk planning and management : One of the eight Information Risk Planning and Management step is to develop metrics and measure results.

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