User Account

All Pages

What is the carrying value of the bonds on december

Assignment Help Financial Accounting
Reference no: EM132804867

Problem 1: On March 31, 20x7, EASY issued for P1,774,000, P2,000,000 face amount of its 10%, P1,000 bonds. The bonds were issued to yield 12%. The bonds are dated July 1, 20x7 and mature on July 1, 20x10. Interest is payable annually on July 1. EASY uses the interest method to amortize bond discount. What is the carrying value of the Bonds on December 31, 20x7.?

Reference no: EM132804867

Questions Cloud

Discuss about the accounting for lease arrangements : Discuss two (2) differences about the accounting for lease arrangements (financiang leases) and blended payments instalment notes payable.
Compute gross margin for february : Compute Gross Margin for February.Sales for January month totaled 88844 units with variable manufacturing costs of 7 per unit.
Find the monthly depreciation charge is calculated : Find the monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year.
Describe the four ways and the tax impact : There are four ways tax consequences may affect the after-tax net proceeds received from the sale of an asset. Describe the four ways and the tax impact.
What is the carrying value of the bonds on december : On March 31, 20x7, EASY uses the interest method to amortize bond discount. What is the carrying value of the Bonds on December 31, 20x7.?
What is the interest expense of the bonds on december : Interest is payable annually on July 1. HARD uses the interest method to amortize bond discount. What is the interest expense of the Bonds on December 31, 20x8?
Prepare the journal entry to record bad debt expense : Prepare the journal entry to record bad debt expense for 2022, assuming that aging the accounts receivable indicates that estimated bad debts are $47,000
Pass the necessary entries on june to eliminate intra-group : Pass the necessary entries on 30 June 2017 and 30 June 2018 to eliminate the intra-group transfer of equipment. On 1 July 2016 Liala Ltd sold an item of plant
Discuss whether the directors suggestion is acceptable : NOROCON bhd., Discuss whether the directors' suggestion is acceptable in accordance with the Conceptual Framework for Financial Reporting.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which profit can be defined as

Which profit can be defined as? The amount that can be distributed as a dividend while maintaining capital intact. / Can be distributed at any time

  What is the effect of the foregoing errors on total assets

Ethel Corporation reported profit for the year 2019 and 2020 at P550,000 and P700,000, What is the effect of the foregoing errors on total assets at December

  Determine the net income reported by emerald golf

Determine the net income reported by Emerald Golf Inc. for the year ended December 31, 2008 - Emerald Golf Inc. reported a net cash flow from operating activities of $86,700 on its statement of cash flows for the year ended December 31, 2008.

  Theoretical minimum number of stations

An assembly line must be designed to produce 40 containers per hour. The following data in give the necessary information.

  Determine the post-closing balance in retained earnings

Determine the post-closing balance in Retained Earnings. Retained Earnings. The parts of this question must be completed in order.

  Deferred tax liability

B Co. reported a deferred tax liability of $24 million for the year ended December 31, 2015, related to a temporary difference of $60 million. The tax rate was 40%. The temporary difference is expected to reverse in 2017 at which time the deferred ta..

  How much can nelsons short-term debt increase

How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 2.2? Do not round intermediate calculations

  Balance in phillips company''s investment account

The balance in Phillips Company's investment account on 31st December, 2003, was $54,000.

  What sales volume would two stores have equal profits

Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits?

  Finding bond coupon rate current rate and yield to

finding bond coupon rate current rate and yield to maturity.1.nbspif the one million additional shares can only be

  Illustrate what business risks does jetblue face

Illustrate what business risks does JetBlue face that may threaten the company’s ability to satisfy stockholder expectations? What are some examples of control activities that the company could use to reduce these risks?

  Nova manufacturing applies factory overhead to products on

nova manufacturing applies factory overhead to products on the basis of direct labor hours. at the beginning of the

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