On july 1 2009 noble inc issued 9 bonds in the face amount

Assignment Help Accounting Basics

Reference no: EM13599946

On July 1, 2009, Noble, Inc. issued 9% bonds in the face amount of $5,000,000, which mature on July 1, 2015. The bonds were issued for $4,695,000 to yield 10%, resulting in a bond discount of $305,000. Noble uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2011, Noble's unamortized bond discount should be?

Reference no: EM13599946

Questions Cloud

Nickel owner of nickels sport club withdrew 500 in cash : 1 which of the following is an example of billing rental fees earned? a accounts receivable debit and rental fees

Assume that the company produces and sells 81000 units : assume that the company produces and sells 81000 units during the year at a selling price of 8.8 per unit. prepare a

An analysis of comparative balance sheets the current years : an analysis of comparative balance sheets the current years income statement and the general ledger accounts of

Varilux manufactures a single product and sells i for 10 : varilux manufactures a single product and sells i for 10 per unit. at the beginning of the year there were 1000 units

On july 1 2009 noble inc issued 9 bonds in the face amount : on july 1 2009 noble inc. issued 9 bonds in the face amount of 5000000 which mature on july 1 2015. the bonds were

Chuck grim has a price elasticity of demand for beer of 12 : chuck grim has a price elasticity of demand for beer of 1.2. suppose that the price of beer is increased by 10 percent.

Speedo companys revenues are 300 on invested capital of 240 : 1. speedo companys revenues are 300 on invested capital of 240. expenses are currently 70 of sales. if angelo company

The long-term debt is payable in annual installments of : the general ledger of speedy ship at june 30 2012 the end of the companys fiscal year includes the following account

Make the journal entry to record uniteds expense for welchs : louis welch is general manager of united tanning salons. during 2012 welch worked for the company all year at a 6200

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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!

Submit Assignment

User Account

All Pages