User Account

All Pages

What amount of gain should CHC record

Assignment Help Accounting Basics
Reference no: EM132455267

Question - Clothes Horse Corp. ("CHC") issued $500,000 bonds due in 10 years on January 1, Year 1 at a premium for $567,105. Bond issue costs of $25,000 are being amortized over the 10 year life of the bonds under U.S. GAAP. On January 1, Year 6, when the carrying value of the bond was $539,940, CHC redeemed the bonds at 102. What amount of gain should CHC record related to the redemption?

$10,000

$17,440

$39,940

$52,440

Reference no: EM132455267

Questions Cloud

Assignment paper in cultural studies : Choose a media representation and identify how it constructs its audience. Use Graeme Turner's analysis of Sarah Jackson's "Hamid Karzai portrayal"
What will be the dilutive EPS of Wonderful incorporation : Net Income is $8,000 after paying the preferred dividends, what will be the dilutive EPS of Wonderful incorporation under treasury stock method
Discuss how software piracy impacts individuals : Discuss how software piracy impacts individuals, software companies, and society.Identify an online article from a magazine or newspaper
Split between base pay and output related pay : What would be your recommendations regarding the split between base pay and output related pay at this organization
What amount of gain should CHC record : On January 1, Year 6, when the carrying value of the bond was $539,940, CHC redeemed the bonds at 102. What amount of gain should CHC record
Identify the typical costs included in the cash purchase : Intangible assets may be internally generated or purchased from another party. Identify the typical costs included in the cash purchase
Explain the advantages of utilizing the research firms : Contrast the services and tools provided by the two research firms.Discuss why a company might decide to save the money and utilize its in-house team firms.
Pleases give a brief biography of the architect rafael moneo : Pleases give a brief biography of the architect Rafael Moneo, who is the the designer of the National Museum of Roman Art; and situate the building historically
Responding to a persuasive prompt : Type or paste your draft into this document. Hi if you can type it and email it to me that would be great.

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