User Account

All Pages

What is the carrying value of the bond at December

Assignment Help Accounting Basics
Reference no: EM133085797

Question - On January 1, 20x1, Pitchfork Company issued a $750,000, 8%, 5-year bond for $860,401 and incurred debt issuance costs of $20,000. The bond pays interest annually every December 31st. At of the date of issuance, the market rate was 6% APR.  The adjusted market rate is 6.34%.

What is the carrying value of the bond at December 31, 20x1, after the first interest payment has been recorded?

Reference no: EM133085797

Questions Cloud

Determine the total long-term liabilities reported : Mortgage Payable ($15,000 due currently) 200,000. Determine the total long-term liabilities reported on the balance sheet
Expected value of the accounting system : Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers to set a price that depends on realized value.
Enhanced by optimization models : Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models
What is the carrying value of the bond at December : What is the carrying value of the bond at December 31, 20x1, after the first interest payment has been recorded
What is the carrying value of the bond at December : What is the carrying value of the bond at December 31, 20x1, after the first interest payment has been recorded
Determine dividends per share for preferred and common stock : Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'
What is the tax treatment of the sale of her home : After living in the home for 3 years, Tina sold it for $400,000. What is the tax treatment of the sale of her home
Traditional retailers and e-commerce retailers : What are some major differences in supply chain management between traditional retailers and e-commerce retailers?
Prepare the journal entries required on the books : 2. Prepare the journal entries required on the books of Yellowstone Industries to account for its investment in Schreiber Corporation on each of the dates

Reviews

Write a Review

Accounting Basics Questions & Answers

  How do think states like california and massachusetts

How do you think states like California and Massachusetts can impose stricter emission controls on motor vehicles than the federal standard?

  Prepare a capital budget for the hot new cafe

Budget monitoring is necessary to make sure that businesses and organizations do not experience net loss and that operational expenses do not exceed.

  What between financial statements and additional information

What are the purposes of additional information accompanying basic financial statements?state the purpose of the internal control.

  Daren has investments in two passive activities activity a

daren has investments in two passive activities. activity a acquired three years ago produces income in the current

  Calculate the discounted payback period for each project

Calculate the payback period for each project and calculate the discounted payback period for each project.

  Auditing and current emerging issues

Research ethics and professionalism in accounting and auditing and current emerging issues. Write a two-page paper that discusses the impact that regulations

  Determine suitable product mix which maximizes the profit

Equipment and materials to produce per unit of each product. Determine suitable product mix which maximizes the profit using simplex method.

  Prepared a company check to replenish the fund

Prepared a company check to replenish the fund for the following expenditures made since

  Average water consumption per family in city

An experimenter wants to estimate the average water consumption per family in a city. Discuss the relative merits of choosing individual families, dwelling units (single-family houses, apartment buildings, etc.), and city blocks as sampling units.

  What amount of dividends did Rocky Beach pay

Rocky Beach reported net income of $1,351.4 million. What amount of dividends, if any, did Rocky Beach pay to its shareholders in 2017

  How are the costs of debt and equity calculated

Please describe the weighted average cost of capital. How do firms use the weighted average cost of capital for decision making?

  What is the dollar amount of inventory at the end of year

Second purchase 30 units at $3,500/unit. What is the dollar amount of inventory at the end of the year according to the last-in, first-out (LIFO) method?

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