Method of amortization of bond discount

Assignment Help Financial Accounting
Reference no: EM13138645

A corporation issues $500,000,10%,5-year bonds on january 1,2010 for $479,000.Intrest is paid semiannually on january 1 and july 1. If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?

Reference no: EM13138645

Questions Cloud

What is the length of the box : an electron is confined to a one dimensional box of length l it falls from the second energy level to the ground state and releases a photon with a wavelength of 322 nm. what is the length of the box
Church and heliocentric theory : Search out a primary source on the Web and find what you believe to be an interesting reason the Church has given for accepting the heliocentric theory.
Proportion of time is machine down due to type one failure : What proportion of time is the machine down due to a type 1 failure? What proportion of time is the machine down due to a type 2 failure? What proportion of time is it up?
Which compound is the limiting reagent : when 1.0g of salicyclic acid is used with 2mL of acetic anhydride, which compound is the limiting reagent?
Method of amortization of bond discount : If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?
Define design bandpass filter of ''sallen and key'' topology : Design a bandpass filter of 'Sallen and Key' topology and having the following characteristics fo = 3.3 kHz, Q = 2.2
Discuss the various types of business combinations : The core values for this course are integrity and excellence. Applying the values of integrity and excellence, discuss ethical considerations of accounting for business combinations in a manner that prevents misunderstanding in the questions below..
Calculate the mass of silver chloride : Calculate the mass of silver chloride required to plate 225 mg of pure silver.
Journalize the transactions for horner corporation : Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what is the break -even point per month in sales

Clydes marina has estimated that fixed costs per month are $300,000 and variable cost per dollar of sales is $0.40. Illustrate what is the break -even point per month in sales dollars?

  Find out interest and to amortize debt issue costs

The corporation uses the straight-line method both to find out interest and to amortize debt issue costs. Prepare the journal entry to record the call of the bonds.

  What is dybvig cost of equity capital

The Dybvig Corporation's common stock has a beta of 1.15. If the risk-rate is 4.5 percent and the expected return on the market is 11 percent, what is Dybvig cost of equity capital?

  Which important factor has chad excluded from his analysis

Chad has calculated the sales volume at which his lemonade stand’s costs equal revenue. Which important factor has Chad excluded from his analysis?

  Calculate additional finance requirements

Calculate Additional Finance Requirements and CFO of IPOD Accessories, Inc. has asked for your help in estimating the firm's additional financing needed for next year.

  Why does the federal government keep two types

Currently the federal government maintains a dual system of accounts--budgetary and proprietary accounts. What are the two types of accounts? Why does the federal government keep two types?

  Explain how much price should be increased

Assuming Mr. Delaney decides to keep the body shop, and the consultant reports that it is feasible to raise prices, should Mr. Delaney do so? If he does, what general guide can you suggest as to explain how much price should be increased?

  What major disadvantage of this method

Delmar Corporation is considering the use of residual income as a measure of the performance of its divisions. What major disadvantage of this method should the company consider before deciding to institute it?

  What is the forecasted addition to retained earnings

What is the forecasted addition to retained earnings for 2010? A budget is a formal written statement of management's strategies for the future expressed in financial terms. Evaluate the forecasted inventory balance have to be to achieve a Turn..

  Compute net cash provided by operating activities

Hendrickson Corporation reported net income of $54,590 in 2010. Depreciation expense was $15,590. The following working capital accounts changed. Compute net cash provided by operating activities.

  What point will the inventory be transferred

Why do you think that this amount is not shown in a separate inventory account? In which of the accounts shown is the inventory likely to be? At what point will the inventory be transferred to a separate inventory account?

  Discuss the different economic roles of accounting

Discuss the different economic roles of accounting in countries across the world. What are some of the factors that determine the primary role of accounting in a country?

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