User Account

All Pages

What is the Bond Interest Expense on the Income Statement

Assignment Help Accounting Basics
Reference no: EM132771713

Question - On January 2, 2020, $184,441 in 10 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $212,941.  On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $56,623. On December 31, bond interest was paid; and dividends were declared and paid. What is the Bond Interest Expense on the Income Statement on December 31, 2020?

Reference no: EM132771713

Questions Cloud

Which the number of equivalent units of production : Which the number of equivalent units of production with respect to conversion costs under the weighted average method would be
Teams build cohesion within their work groups : What are some of the ways that leaders can help teams build cohesion within their work groups? (Cite and give specific examples)
Discuss pursuit of cultural humility through self-critique : Discuss what the following statement means to you and how it can be used to increase the effectiveness of a community health worker.
Which an example of a financial ratio : Which an example of a financial ratio that is intended to provide information about a firms liquidity is? Quick (acid-test) Ratio. / Receivables Turnover
What is the Bond Interest Expense on the Income Statement : On December 31, bond interest was paid; and dividends were declared and paid. What is the Bond Interest Expense on the Income Statement
Find the total amount of interest earned by the investor : Later, he deposits $4000 at time 2 and withdraw $3000 at time 3.5. Find the total amount of interest earned by the investor over the period [1,3].
Describe the expected interest groups : Describe the expected interest groups and there specific arguments. Describe the expected interplay between demanders and suppliers, interest groups.
Determine which projects should be acquired : Assume that the company requires a 8% return from its investments. Using net present value, determine which projects, if any, should be acquired
What is total stockholders equity as of december : What is total stockholders' equity as of December 31, 2019? A company reported total stockholders' equity of $170,000 on its balance sheet dated December

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