User Account

All Pages

Calculate the netinterest revenue for the year

Assignment Help Accounting Basics
Reference no: EM13513324

A $1,000 bond, paying interest annually on December 31, is purchased on January 1 at 110 as a long-term investment. The life of the bond is 5 years. Prepare entries for the first year and use the straight-line method of premium amortization. Also, calculate thenetinterest revenue for the year. The interest rate is 10%.

Reference no: EM13513324

Questions Cloud

What data elements are present in a computer timestamp : What data elements are present in a computer timestamp? Can a millisecond be represented in the timestamp? Why or why not?
Compute the mass of sodium acetate that must be added : Calculate the mass of sodium acetate that must be added to 500.0mL of 0.200M acetic acid to form a pH = 5.00 buffer solution.
What are the minimum number of poles : A farmer built a fence around his 25 cows in a square region. He built it in such a way that one can see 5 poles from either of the four sides. What are the minimum number of poles the farmer must have used?
Process from the data on the job cost sheets : Danielle Company is working on two job orders. The job cost sheets show the following.
Calculate the netinterest revenue for the year : A $1,000 bond, paying interest annually on December 31, is purchased on January 1 at 110 as a long-term investment. The life of the bond is 5 years. Prepare entries for the first year and use the straight-line method of premium amortization. Also..
What initial speed does it need to be able to cross plane : A proton is moving along the axis of a uniformly charged thing ring of 20nC/cm. The radius of the ring is 5cm. what initial speed does it need to be able to cross the plane of the ring
What portion of the total trip : Mr. Wagle goes to work by a bus. One day he falls asleep when the bus still has twice as far to go as it has already gone. Halfway through the trip he wakes up as the bus bounces over some bad potholes.
Network devices that participate on the network : 1. Inventory the current devices on the network. Gather rough counts, manufacturers, and models of the NICs, switches, routers, and other network devices that participate on the network.
How she should extend the following adjusted : Susan Elbe is preparing a worksheet. Explain to Susan how she should extend the following adjusted trial balance accounts to the financial statement columns of the worksheet.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the maximum receivables balance partridge can

partridge inc. sells about 45 million a year on credit. good credit and collections performance in the industry results

  Re-capture of the general business investment

Durrabusiness is organized as a regular C corporation in 1986. At the beginning of the present year, Durrabusiness elects to be an S corporation. Will the election cause a re-capture of the general business investment credit taken on any property ..

  Amount of child tax credit

Rhianna and Jay are married filing jointly in 2009. They have six children for whom they may claim the child tax credit. Their AGI was $123,440. What amount of child tax credit may they claim on their 2009 tax return?

  Wyco company manufactures toasters for the first eight

wyco company manufactures toasters. for the first 8 months of 2011 the company reported the following operating results

  How do we determine value

Not all benefits have monetary value. Companies are in business to make money, therefore the benefits should generate revenues whether directly or indirectly. As CFO of a company, what technical analysis would you do to determine the cost/benefit ..

  Olivares enterprises makes rainberry shampoo for

olivares enterprises makes rainberry shampoo for professional hair stylists. on july 31 2015 5200 liters of shampoo

  Sale of property received

Sale of Property Received as a Gift. During the current year, Stan sells a tract of land for $800,000. The property was received as a gift from Maxine on March 10, 1995, when the property had a $310,000 FMV.

  Compute the anticipated break-even sales

For the current year ending March 31, Zing Company expects fixedcosts of $425, 750, a unit variable cost of $40, and a unit selling price of $65. Compute the anticipated break-even sales (units).

  Process-costing report

Production personnel estimate that the 75,000 units still in process on June 30 are 100% complete with respect to materials and 40% complete with respect to conversion costs.

  Ngata corp issued 17-year bonds 2 years ago at a coupon

ngata corp. issued 17-year bonds 2 years ago at a coupon rate of 9.8 percent. the bonds make semiannual payments. if

  Prepare the journal entry to record carson withdrawal

Carson, Letterman, and O'Brien are partners who share profits and losses 50%, 30%, and 20%, respectively. Their capital balances are $116,000, $69,000, and $34,000, respectively.

  Calculate the profit volume ratio with the figures given

calculate the profit volume ratio with the figures given below selling price per unit 69 variable cost per unit ?

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