User Account

All Pages

Determine cost of long-term investment in bonds

Assignment Help Accounting Basics
Reference no: EM13155170

Barr Company purchased bonds with a face amount of $400,000 between interest payment dates. Barr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is

a. $424,000.

b. $414,000.

c. $408,000.

d. $400,000.

Reference no: EM13155170

Questions Cloud

Synaptonemal complexes form or are still present : For the following question, match the key event of meiosis with the stages listed below.
Determine cost of long-term investment in bonds : Barr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is
How does the presence of normal flora bacteria : How does the presence of normal flora bacteria (our commensal microbiota) discourage pathogens from becoming established? What might happen if these bacteria are not present?
The american revolution : I have to write a 3 page paper on chaper 7 of the book "The American Revolution: Pages from a negro worker's notebook" by james boggs and im having problems with starting the thesis statement. what is the main idea of this large chapter. im thinking ..
Determine cost of long-term investment in bonds : Barr purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is
Overdue debt for medical books : Mary Houser has $1,200 overdue debt for medical books and supplies at Ken's Bookstore. She has only $400 in her checking account and doesn't want her parents to know about the debt. Ken's tells her that she may settle the account in one of two way..
Essay about bioengineering : I need a good title for my essay about bioengineering. I explain what is bioengineering and what can bio-engineers do when they graduate from the collage and I need some researches about bioengineering.
Depreciation expense on asset : The estimated salvage value is $10,000, and the estimated useful life is 10,000 hours. Lennon used the asset for 1,100 hours in the current year. The activity method will be used for depreciation. What is the depreciation expense on this asset?
How many j of heat are needed : the specific heat of ethylene glycol is 2.42 J/g-K. How many J of heat are needed to raise the temperature of 62.0 g of ethylene glycol from 13.1 C to 40.5 C ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determining beginning cash balance

In 2006 Bombay Corporation had cash receipts of $14,000 and cash disbursements of $8,000. Their ending cash balance at December 31, 2006 was $22,000. What was their beginning cash balance?

  Advantages and disadvantages of banks offering

What are the advantages and disadvantages of each bank's offering? Which bank and cash management service would you choose? Why? How can using a bank's cash management service reduce opportunity cost for a health care organization?

  What is h basis in the real estate

Basis of Inherited Property. The basis of property acquired from a decedent is generally fair market value at date of death. What are the two exceptions to this rule ( do not include property subject to special-use valuation)?

  Us stock market without reconciling

Why is the SEC reluctant to accept IAS, now very willing to allow firms using IFRS to issue securities in the US stock market without reconciling to US GAAP?

  Present value of the retirement benefit

Assuming that the retirement benefit is the only consideration in making the retirement decision, should Ms. Pena accept her employer's offer? Identiy the factors that cause the present value of the retirement benefit to be less than $500,000.

  Operations threshold amount and the earnings

The performance sharing plan also used two other critical values: the earnings from operations threshold amount and the earnings from operations stretch target. The targets for 1994 are shown here:

  Annual exclusions to be claimed on gift tax return

Her husband makes no gifts in the current year. Sandra's annual exclusions to be claimed on her gift tax return total:

  Purpose of the chart of accounts

What is the purpose of the chart of accounts? Why are internal controls and audit trails important in a computerized accounting system?

  Problem related to conversion costs

The November 1 work-in-process inventory consisted of 8,000 units, 50% complete with respect to conversion costs. A total of 25,000 units were completed and transferred out of the department during the month. What was the number of units started d..

  Sale of central corporation stock

Assuming Karen is single, what are the amount and character of the loss recognized on the sale of the Central Corporation stock?

  Compute materials price and efficiency variances

Duluth Castings Company makes a product, X-tol,from two materials. Ticon and VF. The standard prices and quantities are as follows.

  Significant provisions of the sarbanes-oxley act

What are some significant provisions of the Sarbanes-Oxley Act of 2002? Do any of you have to comply with these standards? - Answer 100-250 words.

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