User Account

All Pages

What will the carrying value of the bonds be on the December

Assignment Help Accounting Basics
Reference no: EM132783172

Question - A company issues $26000000, 5.4%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $24197047. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?

a. $26000000

b. $24261190

c. $24220956

d. $24245587

Reference no: EM132783172

Questions Cloud

What is the lowest acceptable in-house price : What is the lowest acceptable in-house price the Data Department should receive to produce the part in-house at the Computer Department
Which represents a risk of financial misstatement : Which represents a risk of financial misstatement at the financial report level? The client has recently signed a contract with an engineering company
What are the different type of loss : Bereavement is the state of loss when someone close to an individual has died. The death of a loved one is one of the greatest sorrows that can occur in one's.
Which threats to independence occurs when auditor is audit : Which threats to independence occurs when an auditor is auditing a company where a former audit partner, from the auditor's firm, is now the Chief Financial
What will the carrying value of the bonds be on the December : Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet
How was the decision to implement the huddles handled : How does your nurse manager know that you are ready to learn and be a part of the unit change? How was the decision to implement the huddles handled?
What is the external financing needed : Assets and costs are proportional to sales; debt and equity are not. No dividends are paid. Next year's sales are projected to be $8,024.
Which kelley should record : Which Kelley should record, as a result of conversion? credit of $78,125 to Paid-in Capital in Excess of Par./ credit of $28,125 to Premium on Bonds Payable.
What is a pyramid scheme exactly : What is a pyramid scheme exactly? Have you ever participated in or invested in such a scheme? Have you ever been a victim of one?

Reviews

Write a Review

Accounting Basics Questions & Answers

  For direct materials compute the standard price per pund of

a company produces a single product. the company has set the following standards for materials and labor std qty or

  Prepare an ending finished goods inventory budget

Prepare an ending finished goods inventory budget for the quarter (Hint: You have already calculated the desired ending finished goods inventory amount

  Discuss the advantages and disadvantages of decision

The bank will give you an interest only loan of 6% each year for five years. At the end of this time, you can pay the $250,000 back

  In october 2009 ace consulting performed services for a

in october 2009 ace consulting performed services for a customer for 18000 on account. on july 31 2010 after several

  Dvon oil acquired the rights to various oil reserves at

devon oil acquired the rights to various oil reserves at 20000000 in march 1 2009. the estimated barrels of oil are

  What trin capital account and gea capital account

What Trin Capital account and Gea Capital account? Trin, Gea, and Brom are in a partnership. Brom decided that he wants to withdraw from the partnership

  Current values rather than historical costs

‘In recent years, the IASC/B has clearly been moving towards the use of current values rather than historical costs.' Discuss.

  Express delivery is a rapidly growing delivery service last

express delivery is a rapidly growing delivery service. last year 83 of its revenue came from the delivery of mailing

  Continuation of business entity in the absence of evidence

Which of the following is NOT normally an objective of financial reporting?

  What you understand by the accounting concepts mentioned

With reference to the above statement describe what you understand by the accounting concepts mentioned and provide examples from your selected annual report.

  What is the income statement

What is the income statement?

  Compute the tax benefits of the total deductuibles

The price of a house (first time buyer) $400,000.You put down 10% down and finance the rest 30 yr mortage. Compute the tax benefits of the total deductuibles.

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