What the current carrying amount of these bonds payable

Assignment Help Accounting Basics
Reference no: EM133169055

Question - Smart Workout Fitness Gym has $900,000 of 20-year bonds payable outstanding. These bonds had a discount of $72,000 at issuance, which was 10 years ago. The company uses the straight-line amortization method. What the current carrying amount of these bonds payable?

Reference no: EM133169055

Questions Cloud

Provide the journal entries to record the revaluation : Provide the journal entries to record the revaluation on 1 July 2021 and the subsequent sale on 1 July 2022 and the journal entry needed upon disposal
What is the break-even quantity : If the price of a product is €12, the fixed costs €1000 and variable costs €2, what is the break-even quantity? (Show your workings)
Prepare the shareholders equity section of the statement : Collected $80,000 cash from shareholders and issued 4,000 common shares. Prepare the shareholders equity section of the statement
Impact of digital technologies on networks : The impact of digital technologies on networks: the future - potential impact of the digital technologies on future business networks
What the current carrying amount of these bonds payable : Smart Workout Fitness Gym has $900,000 of 20-year bonds payable outstanding. What the current carrying amount of these bonds payable
Prepare journal entries to record each of the transactions : Prepare journal entries to record each of the preceding transactions Assume a perpetual inventory system
How should organisations set objectives : How should organisations set objectives? Past experien Current market performance? Challenging objectives? what?
Discuss whether management decision and reasoning justified : Discuss whether management's decision and reasoning are justified. Also, you need to explain your answer by referring to the Conceptual Framework
Explain to your colleague the purpose of framework : Explain to your colleague the purpose of the Conceptual Framework. Support your argument with reference to the components of the Conceptual Framework

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