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On January 1, 2012, Winston Company purchased 6% bond for 50,000 cash. Interest is payable semiannuallyon July 1. the entry to record the July 1 semiannually interest payment would include a:
a.) debit to Interest receivable for $3000
b.) credit to Interest revenue for $150
0 c.) debit to interest receivable for $1500
d.) credit interest revenue to $3000
The return an investor earns on a bond over a period of time is known as the holding period return, defined as interest income plus or minus the change in the bond's price, all , all divided by the beginning bond price.
The job required Nkr 3,800 in direct materials and 30 hours of direct labor time at a total direct labor cost of Nkr 6,649. The job contained only four units. If the company bills at a price 70% above the unit product cost on the job cost sheet, w..
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