Prepare a 3-year schedule of interest bond and revenue

Assignment Help Financial Accounting
Reference no: EM13370415

Prepare a 3-year schedule of interest bond and revenue discount amortization, applying the straight-line method ?

Here is my problem: On Jan.1,2012, Morgan company acquires $300,000 of Nicklaus, Inc., 9 recent bonds at a price of $278,384. The interest is payable every Dec.31, and the bonds mature Dec.31,2014. The investment will give Morgan company a 12% yield. The bonds are classified as held-to-maturity.

Reference no: EM13370415

Questions Cloud

In generating theories of accounting based upon what : in generating theories of accounting based upon what accountants actually do it is unspecified often implicitly that
1 partner investments journal entries the lp partnership : 1. partner investments journal entries. the lp partnership was formed on 1st january 19x7 by investments from bill levy
Case 1 general motors and japanese convergence vs chinese : case 1 general motors and japanese convergence vs. chinese convergencegeneral motors corp. is worlds largest automaker
Company owner abel terrio has reviewed the 2011 financial : company owner abel terrio has reviewed the 2011 financial statements you prepared for jackson company as accountant and
Prepare a 3-year schedule of interest bond and revenue : prepare a 3-year schedule of interest bond and revenue discount amortization applying the straight-line method ?here is
A city orders a new computer for its general fund at an : a city orders a new computer for its general fund at an predictable cost of 88000. its actual cost when received is
Rensing inc has 800000 of 6 percent preferred stock and : rensing inc. has 800000 of 6 percent preferred stock and 1200000 of common stock outstanding each having a par value of
Gerrad manufacturing has projected sales of its product for : gerrad manufacturing has projected sales of its product for the next six months as givenjanuary 300 unitsfebruary 700
Junius and caesar orally agreed to become partners in a : junius and caesar orally agreed to become partners in a food testing business. caesar who had experience in food

Reviews

Write a Review

Financial Accounting Questions & Answers

  What actions should company take

The mailing of ken ‘s checks continued for the next four weekly paydays. It wasn’t until the monthly payroll reports were sent to Ken’s supervisor that the error was detected. Ken refused to return the four extra checks. What actions should the co..

  Evaluate how much revenue from investment should cox report

Inc. earns $450,000 and pays cash dividends of $150,000 during 2013. Cox Corporation owns 70,000 of the 210,000 outstanding shares of Mission.

  Illustrate what amount of income or loss from the boutique

Richard operates a hair styling boutique out of his home. 300 of the 1,200 square feet of floor space are allocated to the boutique. Other information. Illustrate w hat amount of income or loss from the boutique should Richard show on his return

  Find out the invenotry balances at the end of first month

Prepare the July income statement for Wrecker Ronnie. Assume that Wrecker Ronnie uses the perpetual inventory method. Find out the invenotry balances at the end of the first month of operations.

  Evaluate the profit margin on sales

The CEO of Smartphone Apps, LLC is preparing a loan application. Using the data below (only), prepare an Income Statement

  Multiple choice questions related to investors and

multiple choice questions related to investors and expenses.1.nbspdebt securities sold to investors that must be repaid

  Define depreciation

On the first day of the fiscal year, a new walk-in cooler with a list price of $52,000 was acquired in exchange for an old cooler and $42,000 cash.

  What is balance of miles capital account at the end of yr

Each partner had a beginning capital balance of $120,000. Any remaining net income or net loss is shared equally. What is balance of Miles' Capital account at the end of the year after net income has been distributed?

  What is amount of outstanding checks at the end of november

In the month of November, Hickcox Company Inc. wrote checks in the amount of $9,072. In December, checks in the amount of $11,987 were written. What is amount of outstanding checks at the end of November?

  Activity based cost analysiscarroll company manufactures

activity based cost analysis.carroll company manufactures two products product drt and product crt.the company

  Purpose a pension worksheet for the pension plan

Purpose a pension worksheet for the pension plan for 2013 and 2014.

  Find the effective annual rate

Calculating Annuity Present Value, EPR & Annual Percentage Rate - What rate should the shop report? Find the effective annual rate?

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