What amount should kim report in its 2011 statement

Reference no: EM13135205

Kim Co. reported bonds payable of $35,000 at December 31, 2010 and $32,000 at December 31,2011. During 2011, Kim issued $20,000 of bonds payable in exchange for equipment. There was no amortization of bond premium or discount during the year. What amount should Kim report in its 2011 statement of cash flows for redemption of bonds payable?

Reference no: EM13135205

Questions Cloud

Determine the stress in a stay at a given temperature : Determine the stress in a stay at a given temperature. A steel 'stay' of effective length 5m is fitted in between the walls of a ships refrigerated compartment when the temperature is 18 degrees centigrade.

What is the molarity of cuso4 in the second solution : A chemist dissolves 0.099 g of CuSO4 · 5 H2O in water and dilutes the solution to the mark in a 500-mL volumetric flask. A 36.1-mL sample of this solution

Return on the investment in the crane : Valdivieso Roofing is considering the purchase of a crane that would cost $137,885, would have a useful life of 9 years, and would have no salvage value. The use of the crane would result in labor savings of $23,000 per year. The internal rate of ..

How to handle situation while devloping : . The team member suggests using the article without mentioning the source. As the main presenter, how would you handle the situation

What amount should kim report in its 2011 statement : Kim Co. reported bonds payable of $35,000 at December 31, 2010 and $32,000 at December 31,2011. During 2011, Kim issued $20,000 of bonds payable in exchange for equipment.

Calculate ez maximum depreciation deduction : The books of EZ Company, a calendar year taxpayer, had the following assets and related information as of December 31, 2011. EZ's policy is to record depreciation on December 31 by way of a journal entry.

Investment in the aircraft : Management is having difficulty estimating the salvage value of the aircraft. To the nearest whole dollar how large would the salvage value of the aircraft have to be to make the investment in the aircraft financially attractive?

What adjusting entry should eager make to account for work : It is now December 31, 2011, and Eager has provided legal services as planned. What adjusting entry should Eager make to account for the work performed from October 1 through December 31, 2011?

Develop a one year forecast : Comment on the acceptability of the model's ability to pick up the systematic variation in your Fit period actual data and develop a one year forecast

User Account

All Pages