What is transaction that will be in the books of salacious

Assignment Help Accounting Basics
Reference no: EM133127876

Question - Salacious Corporation decides to retire at 105 the $100,000 bonds it had issued at 104. The related unamortized bond premium amounted to $1447. What is the transaction that will be in the books of Salacious Corporation?

Reference no: EM133127876

Questions Cloud

Determine the stock peg ratio : Determine the stock's PEG ratio, given that the company's earnings have been growing at an average annual rate of 7.5%
Determine whether the depreciation of the machine will lead : The Machine was acquired on 1 July 2018 at the cost of $800,000. Determine whether the depreciation of the Machine will lead to a deferred tax asset
Provide the necessary journal entries that would be made : Provide the necessary journal entries that would be made in the books of XYZ Ltd to account for the above transaction for the year ending 30 June 2020
Calculate the amount to be withheld from employee payroll : Ontario taxes are $158.45. Received a family support court order for $4,500. Calculate the amount to be withheld from employee's payroll on this pay cycle
What is transaction that will be in the books of salacious : The related unamortized bond premium amounted to $1447. What is the transaction that will be in the books of Salacious Corporation
Should they itemize their deductions or use deduction : The standard deduction for their filing status is $24,800. Should they itemize their deductions or use the standard deduction
How did this impact your operating leverage : Last year you sold 20,000 shirts whereas this year you able to sell 18000 units due to decrease in online shopping. How did this impact your operating leverage
Prepare all journal entries from january to december : James Co. purchased equipment on January 1, 2017 for $1,200,000 cash. Prepare all journal entries from January to December
Determine the interest charge : The credit card sale has a grace period of 30 days and then an interest charge of 1.2% per month is added to the balance. Determine the interest charge

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd