What the gain on sale of investment in bonds on november

Assignment Help Accounting Basics
Reference no: EM132568156

On June 1, 2016, ABC Corporation purchased as a long-term investment of 4,000 of the P1,000 face value, 8% bonds of DEF Corporation for P3,645,328. Interest is payable semiannually on December 1 and June 1. The bonds mature on June 1, 2022. On November 1, 2017, ABC sold the bonds for a total consideration of P3,925,000. ABC intended to hold these bonds until they matured.

Question 1: The gain on sale of investment in bonds on November 1, 2017 is?

Option 1: P80, 235

Option 2: Answer not given

Option 3: P104,045

Option 4: P21,195

Option 5: P27, 63

Reference no: EM132568156

Questions Cloud

Working with client to lose weight : You're working with you client to lose weight. In addition to diet, you want her to start an exercise program that burns 400 NET calories
How fast the watermelon move after the impact : How fast the watermelon move after the impact?
Calculate the magnetic flux in the coil : A magnetic field of 20T is directed perpendicular to circular coil. Calculate the magnetic flux in the coil. Radius of coil is 25 cm
Calculate the force acting in proton : Calculate the force acting in proton if initial velocity of proton is 2*10^7 m/s along x-axis
What the gain on sale of investment in bonds on november : What The gain on sale of investment in bonds on November 1, 2017 is? On June 1, 2016, ABC Corporation purchased as a long-term investment
Find the acceleration of the mass : A box of mass m = 5.00 kg is hauled up an incline plane with a cable of tension T = 80.0 N. The incline makes an angle
Calculate magnetization m and bound currents : There is a long cylinder magnet is surrounded with a solenoid with same length and n=N/L turns per unit length carrying a current
What town should record the land at : What Town should record the land at? On July 1, 20x1, Town Company purchased for ?540,000 a warehouse building and the land
Resistance of a passive resistor : Does the resistance of a passive resistor affect the voltage and current in a simple circuit?

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