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!
The long-term liability section of Twin Digital Corporation's balance sheet as of December 31, 2012, included 12% bonds having a face amount of $25 million and a remaining discount of $1 million. Disclosure notes indicate the bonds were issued to yield 14%.
Interest expense is recorded at the effective interest rate and paid on January 1 and July 1 of each year. On July 1, 2013, Twin Digital retired the bonds at 104 ($26.0 million) before their scheduled maturity.
Required:
1. Prepare the journal entry by Twin Digital to record the semiannual interest on July 1, 2013
2. Prepare the journal entry by Twin Digital to record the redemption of the bonds on July 1, 2013.
last year gransky corporations variable costing net operating income was 52100 and its ending inventory increased by
nomar industries inc. operates in several lines of business including the construction and real estate industries.
Identify the main issues in the chosen area and accurately respond to each of the questions from the chosen area.
on january 4 2011 runyan bakery paid 324 million for 10 million shares of lavery labeling company common stock. the
1. corresponds to clo 5a lennox corporation purchased a new delivery truck for 35000. the sales taxes are 2700. the
Rocky Corporation has made a commitment to purchase the patent from Granite for $200,000 at the end of five years. Compute Granite's patent amortization for 2009, assuming the straight-line method is used.
rely on the following data. frontgrade systems allocates manufacturing over- head based on machine hours. each
You have gone to the bank to borrow money for one year. The nominal rate is 7.5%. The real rate of interest is 4%. Over the course of the year, overall prices increased by 4%. This rate of inflation hurt the _____ because the actual rate of inflat..
In regard to redemptions of stock, what difference does it make to have a transaction for sale or exchange treatment qualify or not qualify?
The Department of Transportation would like to test the hypothesis that the average age of cars on the road is less than 10 years. A random sample of 50 cars had an average age of 9.5 years. It is believed that the population standard deviation fo..
fireout inc. manufactures steel cylinders and nozzles for two models of fire extinguishers 1 a home fire extinguisher
what are debits and credits? how are debits and credits employed to record business transactions? why do accountants
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