Solution-What amount of long-term liability should grant

What amount of long-term liability should grant report

Assignment Help Accounting Basics

Reference no: EM133135765

Question - Grant Co. issued $500,000 face value, five-year, 8% bonds on December 31, Year 1. The bonds pay interest annually and were sold to yield 7%. Present value factors are as follows:

	7%	8%
Present value of $1, five periods	0.712986	0.680583
Present value of ordinary annuity of $1, five periods	4.100197	3.992710
Present value of annuity due of $1, five periods	4.387211	4.312127

Required - What amount of long-term liability should Grant report on December 31, Year 1, for this sale?

Reference no: EM133135765

Questions Cloud

Measure personal competencies of employees : -Your CEO boss is aware that you are doing strategic human resource planning / human resource strategy at the university. S/he has observed inaccuracies in the

EE 380 Control Engineering Assignment : EE 380 Control Engineering Assignment Help and Solution, King Fahd University of Petroleum and Minerals - Assessment Writing Service

Calculate the likely monthly payment on the mortgage : Matthew & Ruth are at present renting a house for $1800 per month in Kitchener. Calculate the likely monthly payment on the mortgage

Implementing the marketing concept : 1. What role should marketing research play in helping a firm to implementing the marketing concept?

What amount of long-term liability should grant report : Grant Co. issued $500,000 face value, five-year, 8% bonds on December 31, Year 1. What amount of long-term liability should Grant report

Discuss the state of training and development : Discuss the state of training and development in Canada and challenges faced related to skill development and productivity.

Who really benefits from provisions of the esa : "Greater right or benefit clause." Who really benefits from provisions of the ESA? Do you have experience with these rights? For example, have you (or someone y

Determine the total cost of processing customer complaints : Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. Determine total cost of processing customer complaints

Prepare a powerpoint presentation to educate steve : You have landed your dream job working for Steve Evert. Unfortunately, Steve doesn't know anything about data--yet he has been experiencing difficulty in decisi

User Account

All Pages

What amount of long-term liability should grant report

Reference no: EM133135765

Reference no: EM133135765

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT