On january 1 2010 solis co issued its 10 bonds in the face

Reference no: EM13591385

On January 1, 2010, Solis Co. issued its 10% bonds in the face amount of $3,000,000, which mature on January 1, 2020. The bonds were issued for $3,405,000 to yield 8%, resulting in bond premium of $405,000. Solis uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31.

Required: At December 31, 2010, Solis's adjusted unamortized bond premium should be.

Reference no: EM13591385

Questions Cloud

A masters of accountancy degree at mid-state university : a masters of accountancy degree at mid-state university would cost 10000 for an additional fifth year of education

Sachs brands defined benefit pension plan specifies annual : sachs brands defined benefit pension plan specifies annual retirement benefits equal to 1.2 times current service years

Controlling inventory has evolved with the widespread use : controlling inventory has evolved with the widespread use of technology. describe one advance in technology that helps

On june 30 2011 omara co had outstanding 8 3000000 face : on june 30 2011 omara co. had outstanding 8 3000000 face amount 15-year bonds maturing on june 30 2021. interest is

On january 1 2010 solis co issued its 10 bonds in the face : on january 1 2010 solis co. issued its 10 bonds in the face amount of 3000000 which mature on january 1 2020. the bonds

A company records an unrealized loss on short-term : a company records an unrealized loss on short-term securities. this would result in what type of difference and in what

On july 1 2010 spear co issued 1000 of its 10 1000 bonds at : on july 1 2010 spear co. issued 1000 of its 10 1000 bonds at 99 plus accrued interest. the bonds are dated april 1 2010

Alberto comapy issues 8 10-year semi-annual bonds with a : alberto comapy issues 8 10-year semi-annual bonds with a par value of 350000. on the issue date the annual market rate

If the dna coding sequence -caa-ccg-gat- were miscopied : if the dna coding sequence -caa-ccg-gat- were miscopied during replication and became -cga-ccg-gat- what effect would

User Account

All Pages