User Account

All Pages

What amount of interest expense should be reported

Assignment Help Financial Accounting
Reference no: EM13872159

1. At the beginning of 2014, the Alston Corporation issued 10% bonds with a face value of $400,000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $370,560 to yield 12%. Alston uses a calendar-year reporting period. Using the preferable method of amortization, what amount of interest expense should be reported for 2014? (Round your answer to the nearest dollar.)

a.

$44,333

b.

$44,467

c.

$44,601

d.

$45,888

Reference no: EM13872159

Questions Cloud

How is the money multiplier related to the reserves ratio : Assume that the consolidated balance sheet for the commercial banking system can be simplified as follows: D+NW=R+L where D=deposits, NW= net worth, R=reserves and L=loans. what is the value of the money multiplier?how is the money multiplier related..
What is a delay loop and how is it developed? : What is a delay loop and how is it developed?
Compute the corresponding volume flow rate : Compute the corresponding volume flow rate if the diameter at A is 5.0 cm. The phenomenon that occurs at a when p2 falls to nearly zero is known as cavitations. The water vaporizes into smallbubbles.
Determine the inventory turnover ratio : Comment on any changes in these measures and compare the inventory turnover at Amazon. com to inventory turnover at Barnes & Noble, Inc., where inventory turned over 3.5 times during 2012 (104.3 days to sell). Based on your own experience, what's the..
What amount of interest expense should be reported : Alston uses a calendar-year reporting period. Using the preferable method of amortization, what amount of interest expense should be reported for 2014?
What is projected free cash flow to equity : What is projected free cash flow to equity for the coming year?
What was the firms operating cash flow : The 2011 balance sheet of Anna’s Tennis Shop, Inc., showed long-term debt of $6.0 million, and the 2012 balance sheet showed long-term debt of $6.25 million. The 2012 income statement showed an interest expense of $205,000. What was the firm’s 2012 o..
Discount rate-what is the present value of these cash flows : Conoly Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 960 2 840 3 935 4 1,350 1)If the discount rate is 10 percent, what is the present value of these cash flows? If the discount rate is 18 percent, what is..
Average density of the skier : Caught in an avalanche, a skier is fully submerged in flowing snow of density 96 kg/m3. Assume that the average density of the skier, clothing, and skiing equipment is 1020 kg/m3.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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