What is unamortized bond discount

Reference no: EM132092247

Question: On july1 year1 Cobb Company issued 9% bonds in the face amount of 1000000 that mature in 10 years. The bonds were issued for 939000 to yield 10% resulting in a bond discount of 61000. Cobb uses the effective interest method of amortizing bond discount interest is payable annualy on June 30. What is unamortized bond discount on June 30, year 3.

Reference no: EM132092247

Questions Cloud

Value proposition effectively through variety of venues : Think of a brand that you believe connects well with its customers and communicates the value proposition effectively through a variety of venues.

Describe the internal controls related to internet orders : Describe the internal controls related to Internet orders that Mama's Pizzeria should have in place. Briefly describe the differences in Mama's Pizzeria 3.

Different types of interview environments : Discuss the purpose and successful application of different types of interview environments.

Whole purpose of logistics and supply chain management : What is the definition of supply chain management? What is the whole purpose of logistics and supply chain management?

What is unamortized bond discount : On july1 year1 Cobb Company issued 9% bonds in the face amount of 1000000 that mature in 10 years. The bonds were issued for 939000 to yield 10% resulting.

Record the foregoing transactions using t-accounts : The accountant of the Burt Company makes use of expense and revenue accounts. All sales are for cash. Record the foregoing transactions using T-accounts.

How are information systems implemented : How are information systems implemented/(and,or) used in an IT consultant career?

Which projects should be undertaken : The Raleigh Soap Company has been offered a 5-year contract to manufacture and package a leading brand of soap for Taker Bros.

What is the purpose of using if in a batch file : What is the purpose of using IF in a batch file, and what are some example syntax showing its use in a batch file

User Account

All Pages