Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
An entity purchases $200,000 of semi annual, 6% , 15 year bonds for $212,230. The fair value of the bonds at december 31, 2020 is $210,000 and t december 31, 2021 is $216,000. interest payments are on june 30 and december 31. the yield on the bond is 5.4%.
Question 1: Record the journal entry to record the purchase of the bonds on december 31. Using debt investments as the debit and cash as the credit.
Question 2: The journal entry to record the interest at June 30th, 2020 includes a what
Prepare a schedule analyzing the changes in Allowance for Doubtful Accounts for the year ended December 31, 2014.
A bond with a face amount of $300,000 and a bond rate of 10% will mature in 10 years. The bond was issued at 98% of face value on January 1, 2013. The bond pays interest on January 1 and July 1. Prepare the entry to record the issuance of the bond on..
If a partner withdraws from a partnership and receives more cash than the amount recorded in the appropriate capital account, what accounting does the business make of the excess payment?
On April 1, 2014, Webber Corporation issued $6,500,000 of 10-year, 11% bonds at a market (effective) interest rate of 8%, receiving cash of $7,825,055. Interest is payable semiannually on April 1 and October 1. Journalize the entry to record the issu..
Do you think the recommendations put forth in the Exposure Draft are likely to be successful or not? If successful, what are the most significant attributes? If not successful, what are the critical deficiencies?
The information below pertains to Barkley Company for 2015. Net income for the year $1,205,000 8% convertible bonds issued at par ($1,000 per bond); There is no treasury stock. The company also has common stock options (granted in a prior year) to pu..
Compute the payback period on the oven and equipment - investment with a payback period of less than five years, will he acquire the franchise?
Determine how the disclosure should be treated in this instance. Examine what effect this would have on the financial statements.
Does recognizing an impairment loss on a long-term operating asset have the same effect on the financial statements as recording depreciation expense and amortization expense? Explain.
An investment of $1000 is made. Over the next 5 years there will be income from the investment of $300 each year. The tax rate is 34%. The MARR for the company is 15%. Determine the after-tax rate of return using 5-year straight-line tax depreciation..
Evaluate the two contracts. Write a short letter to Phil with your recommendation including the method you used to reach your conclusion.
Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd