Marilyn county issues general obligation bonds

Assignment Help Financial Accounting

Reference no: EM13129711

On january 1, 2009, Marilyn County issues general obligation bonds in the amount of $900,000 to build a community center. The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.

Reference no: EM13129711

Questions Cloud

Determine the inventories direct labor costs : Assuming that the company's $490,000 ending finished goods inventory account for 2011 had $250,000 of direct materials costs, determine the inventories direct labor costs and its overhead costs.

Compute the cost of goods available for sale : Compute the cost of goods available for sale and the units available for sale for this four week period. Assume that no sales occur during those four weeks.

Composition of the risky portfolio : Now add a set of indifference curves and illustrate how an investor's optimal portfolio is some combination of the risky portfolio and the risk-free asset. What is the composition of the risky portfolio?

Compute noncontrolling interest in the subsidiary income : On January 1, 2011, Sledge had common stock of $120,000 and retained earnings of $260,000. During that year, Sledge reported sales of $130,000, cost of goods sold of $70,000, and operating expenses of $40,000.

Marilyn county issues general obligation bonds : The debt will be paid off in 30 equal semiannual installments of $30,000 over 15-year period commencing October 1,2009, with interest of 6 percent per annum on the outstanding debt.

Problem related to insurance company : John's car was completely destroyed by fire in 2010. Its cost and fair market value were $8,000. John's claim against insurance was $3,000 and was NOT made until 2011. The following year, 2011, John settled with the insurance company for $2,000. W..

Find out the differential-avoidable or relevant costs : Find out the differential, avoidable or relevant costs associated with the sourcing location for a call center for Bank of America? What are the qualitative costs? Which ones are more important?

What is the purpose of gaap in the accounting cycle : What is the purpose of GAAP in the accounting cycle? Is it possible to deviate from GAAP and still prepare financial statements?

Volume of solid of revolution : Find the volume of a solid that is generated by rotating the region formed by the graphs of y=x^2, y= 2, and x = 0 about the y-axis?

User Account

All Pages