User Account

All Pages

What amount of discount amortization that jim should report

Assignment Help Accounting Basics
Reference no: EM132588437

Jim Company issued P4,000,000 of 8.5%, five-year bonds on March 1, 2018. Interest payment dates are March 1 and September 1. With a market interest rate of 9%, the bonds were sold for P3,926,000. Jim retired all the bonds on September 30, 2021 at 101 plus accrued interest when the carrying amount was P3,981,001.

Problem 1: How much is the amortization of the computer software in 2021?

Problem 2: What is the amount of discount amortization that Jim should report on September 1, 2018, the first semi-annual interest payment date?

Problem 3: What is the loss on retirement of bonds?

Reference no: EM132588437

Questions Cloud

MBA641 Strategic Project Management Assignment : MBA641 Strategic Project Management Assignment Help and Solution, Kaplan Business School - Assessment Writing Service
Scan current authoritative business sources : Scan current authoritative business sources to locate and discuss some global factor that pertains to the health insurance market domain.
Sexual assault or wartime experiences : In "Trauma Warnings," some students have survived very traumatic events, such as sexual assault or wartime experiences.
Explain economic principles and their applications : Explain economic principles and their applications in the real world. Summarize the different types of market structures and the role of government.
What amount of discount amortization that jim should report : What is the amount of discount amortization that Jim should report on September 1, 2018, the first semi-annual interest payment date?
Which is a way an auditor might test a company accounts : Which is a way an auditor might test a company's accounts receivable balance?Use last year estimates to confirm the amount they owe.
Verifying project scope-contracts-administration : Discuss how you would successfully close out this project, such as verifying project scope, contracts, administration, etc.
Identify the asc that can serve as authoritative guidance : Identify the ASC (i.e., four numbers) that can serve as authoritative guidance for the issue raised in each of the cases below and provide a short response.
Walmart is leading retail chain in free market : Walmart is a leading retail chain in free market and its business model has been able to adapt to innovation and disruption from competitors like Amazon-Target

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd