User Account

All Pages

What amount of gain or loss on bond retirement will reported

Assignment Help Accounting Basics
Reference no: EM133074069

Question - Spice Company issued $200,000 of 10 percent first mortgage bonds on January 1, 20X4, at 105. The bonds mature in 10 years and pay interest semi-annually on January 1 and July 1. Pumpkin Corporation purchased $140,000 of Spice's bonds from the original purchaser on January 1, 20X8, for $122,000. Pumpkin owns 75 percent of Spice's voting common stock.

Based on the information given above, what amount of gain or loss on bond retirement will be reported in the 20X8 consolidated financial statements?

Reference no: EM133074069

Questions Cloud

How much interest was earned : How much interest was earned if a GIC invested February 3, 2021 to November 11, 2021, matured for $5,300, given banks pay 5½% interest
What is the present value of the bank equity : ESG Prime Bank has an obligation of $750 at the end of the first period and $550 at the end of the second period. It also has $1,528.93 to invest and can choose
Analyze the problems and issues faced by the client : Analyze the problems and issues faced by the client or client system, including relevant social, economic, and environmental justice issues
What is the list of a maximum of five of apple inc : What is the list of a maximum of five of Apple Inc outstanding bonds, including coupons rates and maturity dates.
What amount of gain or loss on bond retirement will reported : Based on the information given above, what amount of gain or loss on bond retirement will be reported in the 20X8 consolidated financial statements
Calculate the operating cash flow : Calculate the operating cash flow in year 1. (Enter a negative value)
What is the net present value : What is the net present value of a 6000 dollar note receivable (loaning out 6000 now) where the lessor pays back the full amount plus interest 1 year later at a
Calculate the duration of the earth bank bonds : b) Calculate the duration (D) of the Earth Bank bonds using the rounded values in the table. Give your answer in years to 2 decimal places. D = years?
Ideal work environment : Describe a great working environment for you. Evaluate specific policies and practices that create a cohesive organizational culture.

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