User Account

All Pages

What amount be reported as gain from change in fair value

Assignment Help Accounting Basics
Reference no: EM132729345

Problem 1: On January 1, 2020, Dessert Company issued 6% bonds with face amount of P6,000,000 for net proceeds of 5,516,400, a price that yields 8%. Interest is payable annually every December 31. The entity elected the fair value option. On December 31, 2020, the bonds are quoted at 95.What amount should be reported as gain/loss from change in fair value for 2020?

A. 483,600 loss
B. 183,600 gain
C. 483,600 gain
D. 183,600 loss

Reference no: EM132729345

Questions Cloud

What was last year dividend per share : This total dividend payout represents a 6% increase over last year's presplit total dividend payout. What was last year's dividend per share
Create master production schedule for the breadmaker : Create a master production schedule for the breadmaker in the case that considers production levels, demand for the product, and the best business strategy
What is the absolute value of the swap : LIBOR is 0.03, and the year three payment was just made (two years of payments remain on the swap), What is the absolute value of the swap?
Qualitative research process : The qualitative research process consists of five components: design, sample selection, data collection, analysis, and data representation.
What amount be reported as gain from change in fair value : On December 31, 2020, the bonds are quoted at 95. What amount should be reported as gain/loss from change in fair value for 2020?
MBA652 Strategy and Leadership in Tourism and Hospitality : MBA652 Strategy and Leadership in Tourism and Hospitality Assignment Help and Solution, Kaplan Business School - Assessment Writing Service
How much external equity must Gardial seek now to expand : This year's net income was $8 million. How much external equity must Gardial seek now to expand as planned
Find what amount of interest revenue company report : Gaudreau Enterprises, What amount of interest revenue should the company report on its December 31, 20X3, year-end financial statements?
How are they best used in leadership role : In your opinion, what are the three most important power sources for a nurse leader? Why? How are they best used in a leadership role? Describe.

Reviews

Write a Review

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

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd