What will be carrying value of bond at the end of third year

Assignment Help Financial Accounting
Reference no: EM132557709

Amortization using effective interest rate:-

Question 1: On Jan 1,2015 company issued $500,000 bonds. Its coupon rate is 9% and pays semiannual interest payment. Its tenure is 5 years. Provide journal entry for bonds issuance and first two years interest payment. What will be the carrying value of bonds at the end of third year?

A) When,Market interest rate is 8%

B) Market interest rate is 10%

Reference no: EM132557709

Questions Cloud

Prepare journal entries to record the two transactions : STAR-TRACK sells satellite tracking systems, Prepare journal entries to record the two transactions, assuming that STAR-TRACK uses a periodic inventory system.
Human services practice : Explain 3 theories used in the human services practice. Link behavioral problems and causes using one of the theoretical frameworks.
Evaluate evidence for cultural differences in group : Evaluate evidence for cultural differences in group status and social loafing, and the Effects of diversity in groups
Design and implement innovation measurement systems : Identify and describe what is one of the critical things to do during design and implement innovation measurement systems?
What will be carrying value of bond at the end of third year : Provide journal entry for bonds issuance and first two years interest payment. What will be the carrying value of bonds at the end of third year?
How the white elephant can turn into cash cow : How the 'white elephant' can turn into Cash cow? Suggest the strategies based on the understanding of the case and course Strategic Management Accounting.
Strategies for academic success : What makes written communication effective? What strategies can you employ to make your written communication more effective?
Implement continuous improvements : a) What are the organizational conditions that support strategy as a learning process? Explain in detail.
Calculate the amount that zzz should : Calculate the amount that ZZZ should include in its consolidated statement of financial position as at 31 December 2019 for Group retained earnings

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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