Method of amortization of bond discount

Assignment Help Financial Accounting
Reference no: EM13138645

A corporation issues $500,000,10%,5-year bonds on january 1,2010 for $479,000.Intrest is paid semiannually on january 1 and july 1. If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?

Reference no: EM13138645

Questions Cloud

What is the length of the box : an electron is confined to a one dimensional box of length l it falls from the second energy level to the ground state and releases a photon with a wavelength of 322 nm. what is the length of the box
Church and heliocentric theory : Search out a primary source on the Web and find what you believe to be an interesting reason the Church has given for accepting the heliocentric theory.
Proportion of time is machine down due to type one failure : What proportion of time is the machine down due to a type 1 failure? What proportion of time is the machine down due to a type 2 failure? What proportion of time is it up?
Which compound is the limiting reagent : when 1.0g of salicyclic acid is used with 2mL of acetic anhydride, which compound is the limiting reagent?
Method of amortization of bond discount : If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?
Define design bandpass filter of ''sallen and key'' topology : Design a bandpass filter of 'Sallen and Key' topology and having the following characteristics fo = 3.3 kHz, Q = 2.2
Discuss the various types of business combinations : The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below..
Calculate the mass of silver chloride : Calculate the mass of silver chloride required to plate 225 mg of pure silver.
Journalize the transactions for horner corporation : Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Purpose journal entry to record tanner-unf''s investment

Purpose the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2009. and Prepare the journal entry by Tanner-UNF to record interest on December 31, 2009, at the effective (market) rate.

  Find out whether the machine should be purchased

Assume the company’s minimum acceptable rate of return is 12%. Using the net present value method, find out whether the machine should be purchased.

  What is the breakeven number of gadgets b must sell

Firm B produces gadgets. The price of gadgets is $2 each. Firm B has total fixed costs of $300,000 and variable costs of $1.40 per gadget. The corporate tax rate is 40%. What is the breakeven number of gadgets B must sell to make a zero after tax ..

  Financial statements prepared at the end of the year

Total recorded sales were $735,000. The portion of these sales that should be recorded as a tax liability and In the financial statements prepared at the end of the current year

  Hawks ltd

On 1 July 2011, Hawks Ltd acquired land for $1 500 000 and machinery for $ 1 000 000. Hawks Ltd uses cost model to account land and revaluation model to account for machinery. Hawks Ltd depreciated the machinery over its useful life of four years, us..

  Calculate the equivalent units for conversion costs

Compute the equivalent units for materials using the weighted- average method. Calculate the equivalent units for conversion costs using the weighted-average method.

  Make the journal entries necessary to record

Make the journal entries necessary to record the transactions above using appropriate dates

  Surgical procedure for removing wrinkles around the eyes

She also expected additional case expenses amounting to $3,000 per years. The cost of capital is 12%. Assume there are no income taxes.

  Evaluate mergers and acquisitions

Concept of business, forms and organisations of business, business strategy, financial management methods, allocation of capital and control of an organisation.

  Illustrate what is the market rate of return on this stock

The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so. Illustrate what is the market rate of return on this stock?

  What does katie gross estate include as to this property

In the current year, Katie predeceases Russell at a time when the property is worth $500,000. What does Katie's gross estate include as to this property?

  Describe minimize fraudulent activities in organizations

In your opinion, as a body of rules and regulations, Describe whether or not the rules and regulations are sufficient to minimize fraudulent activities in organizations.

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