User Account

All Pages

What is the unamortized amount of the discount

Assignment Help Accounting Basics
Reference no: EM132683506

Problem - The following data relate to a $200,000,000, 5% bond issued for a selected semiannual interest period:

Bond carrying amount at beginning of period $216,221,792

Interest paid during period 5,000,000

Interest expense allocable to the period 4,864,990

Required -

(a) Were the bonds issued at a discount or at a premium?

(b) What is the unamortized amount of the discount or premium account at the beginning of the period?

(c) What account was debited to amortize the discount or premium?

Reference no: EM132683506

Questions Cloud

Is there a gain or loss on the bond redemption : Bonds Payable has a balance of $3,500,000 and Discount on Bonds Payable has a balance of $125,000. Is there a gain or loss on the bond redemption
Creating corporate social responsibility campaign : Why your selected social cause or issue is a good match with your chosen corporation for creating a corporate social responsibility (CSR) campaign.
Describe a situation where have encountered unplanned change : Describe a situation where have encountered unplanned change. What did you do? Would you do it differently now? Thinking back, what were the other options
Describe the common types of scenario planning : Contingency planning is a risk mitigation process for developing back-up plans in anticipation of events (scenarios) that might disrupt ‘business as usual'.
What is the unamortized amount of the discount : Bond carrying amount at beginning of period $216,221,792. What is the unamortized amount of the discount or premium account at the beginning of the period
What additional audit procedures are required in audit : COVID-19 will cause a material impact to your audit client. What additional audit procedures and disclosures are required in audit planning and audit opinion
What are strategic map for restaurant industry : What are strategic map for restaurant industry?
Knowledge management : Briefly in your own words describe the distinction between explicit knowledge and implicit (tacit) knowledge.
Explaining the concepts behind the mbti : Explaining the concepts behind the MBTI and its common use in organizations. Include how the MBTI uses 4 distinct dichotomies

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