User Account

All Pages

What was the unrealized gain that hbc reported in profit

Assignment Help Accounting Basics
Reference no: EM132696808

Problem 1: On January 1, 20X1, Humungous Bank Corp. (HBC) issued (sold) $1,000,000 of 10-year bonds that pay 4% interest semi-annually on June 30 and December 31. The market rate of interest at time of issuance was 5%. Transaction costs directly related to the issuance of these bonds totalled $10,000, paid in cash. HBC classified this liability at fair value through profit or loss (FVPL). On December 31, 20X1, HBC's year end, the market value of the bonds was $940,000. What was the unrealized gain that HBC reported in profit or loss on its statement of comprehensive income for the year ended December 31, 20X1?

Reference no: EM132696808

Questions Cloud

Explain the meaning and content of a procedure : Explain the meaning and content of a procedure for record keeping and filing systems including security and safe recording practices. Identify the system
What amount will amira inc initially measure the bond : Amira classifies the bonds at amortized cost. On recognition date, what amount will Amira Inc. initially measure the bond liability at?
Discuss the business venture from a lifestyle : Discuss the business venture from a lifestyle point of view. Would you be willing enter a venture such as this one? Why or why not?( the case Nancy's Coffee )
Explain strategic management process : Explain strategic management process bringing out the key components of different processes.
What was the unrealized gain that hbc reported in profit : What was the unrealized gain that HBC reported in profit or loss on its statement of comprehensive income for the year ended December 31, 20X1?
Review the leadership traits : -Review the leadership traits identified in your reading. Which trait do you think is most important for a leader to possess?
What learned about the science of operations in career : With the goal of assessing experiential, How do you think you can apply what you learned in this class about the science of operations in your career or life?
Which trait do you think is most important for a leader : -Which trait do you think is most important for a leader to possess? Which do you think is least important? Explain your choices.
Discuss the criticisms of corporatist theory : Discuss the criticisms of Corporatist theory and its impacts to Pluralist theory? Is it good or bad theory to management? Provide a example of Fiji country?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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