What mar should report bond interest of

Assignment Help Financial Accounting
Reference no: EM133009890

Problem 1: On January 1, 2002, Mar issued its 10% bonds in the face amount of P1,500,000. They mature on January 1, 2012. The bonds were issued for P1,329,000 to yield 12%, resulting in bond discount of P171,000. Mar uses the effective interest method of amortizing bond discount. Interest is payable July 1 and January 1. For the six months ended June 30, 2002, Mar should report bond interest of

Choices:

A. P75,000

B. P79,740

Reference no: EM133009890

Questions Cloud

How depreciation relates to the matching principle : Explain how depreciation relates to the matching principle. Your answer should include the words revenue and expense. Remember all answers
Calculate new machine payback period for monty pix : Calculate the new machine's net present value assuming a 16% discount rate. Calculate the new machine's internal rate of return.
Calculate the value of the original contract : Suppose you are Hardy's agent and you wish to evaluate the first contract using a required rate of return of 15%. Calculate the value of the original contract
How management accounting systems are integrated : How Management Accounting systems and Management Accounting reporting are integrated within the organisational processes of your enterprise.
What mar should report bond interest of : Mar uses the effective interest method of amortizing bond discount. Interest is payable July 1 and January 1. How Mar should report bond interest of
Discuss and detail the best methods for training new workers : Description: You will gain authentic education experience by developing a project on one of the following topics. You will do this PowerPoint Project on one of
Knowledge of canadian employment laws : How can we apply the knowledge of Canadian employment laws to design job descriptions for Canadian businesses.
Differences and similarities for the job posting : Find two different job advertisements for the same position at two different companies (for instance, a restaurant manager at Benihana and a restaurant manager
Explain the advantages of offering employee benefits : Explain the advantages of offering employee benefits from the perspectives of the employee and the employer.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the cost of goods sold

Esposito's ending inventory is valued at the average cost for the last quarter of the year. Compute the cost of goods sold

  Determine what is the size of monthly payment

What is the size of your monthly payment? After 2 years, answer the following questions: How much do you still owe. How much have you paid so far?

  Important part of its cost accounting system

Why is the cost allocation method used by an organization an important part of its cost accounting system?

  What are the objectives of a business firm

What does Managerial economics help in taking decision on following subjects? What are the objectives of a business firm? What does Managerial economics help in

  Why would a financial manager or analyst be concerned

Why would a financial manager or analyst be concerned if the Allowance for Doubtful Accounts balance increased or decreased significantly?

  Potential supplier has offered to sell feast the rolls

Feast Corporation currently makes the rolls that it uses for its sandwiches, It uses 50,000 rolls annually. A potential supplier has offered to sell Feast the rolls for 0.11 each. If the rolls are purchased, 20% of the fixed overheads could be avoide..

  What is the cash payment for interest on December

Interest is paid annually on December 31. The bonds were issued for $220,000. What is the cash payment for interest on December 31st

  What the implementation of internal controls for a business

What The implementation of internal controls for a business is the responsibility of? the company's external auditor./the company's management.

  What would be the following the rnoa

What would be the following the RNOA of the subsequent company?

  Determine the annual payment

Your supervisor has tasked you with evaluating several loans related to a new expansion project. Determine the annual payment on a $400,000, 8% business loan

  Find what is the equivalent annual annuity

Find What is the equivalent annual annuity (EAA) for this project? Newtown Corp. is considering a three-year project that has a weighted average cost of capital

  Realized gains or losses on available-for-sale investments

Realized gains or losses on available-for-sale investments represent the difference between the Realized gains or losses on available-for-sale investments represent the difference between the historical cost and the average market value of the invest..

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