What would be the amount of discount amortized

Assignment Help Accounting Basics
Reference no: EM132610166

Question - On January 1, 2021, $930000, 5-year, 5% bonds, were issued for $890331. The interest rate in effect when the bonds were issued was 6%. Interest is paid semi-annually on January 1 and July 1. What would be the amount of discount amortized on January 1, 2022?

Reference no: EM132610166

Questions Cloud

Review digestive disease website : Review this Digestive Disease's website. Research the Internet about a problem that occurs with the digestive system. write description
Discuss benefits of virtualization software : Discuss the benefits of virtualization software, as described in the text.
Drive the movement of molecules : During nuclear import and export, a concentration gradient is used to drive the movement of molecules against the increasing concentrations
Where would you like to be one to five years from now : Knowing which career you want to pursue is an important first step to tackling your job search and career goals. Identifying an ideal position is a great first.
What would be the amount of discount amortized : Interest is paid semi-annually on January 1 and July 1. What would be the amount of discount amortized on January 1, 2022
Business practices that many experts are predicting : Does Blockchain technology have the potential to cause the paradigm shift in business practices that many experts are predicting?
Inhibitory chemicals and phenolic compounds : Cotton plant contain different inhibitory chemicals and phenolic compounds along with other defense mechanisms that inhibit the growth of microbes
What must have been the number of units of product : Lee Company had 30,000 units in its ending inventory. What must have been the number of units of product in inventory at the beginning of the year?
Discuss the importance of each area of responsibility : Discuss the importance of each area of responsibility and provide examples of each. Compare your previous ideas of this profession to the role described using.

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