User Account

All Pages

What amount of discount should be amortized

Assignment Help Accounting Basics
Reference no: EM132538793

Question - Bramble Corp. issued $480000 of 7%, 10-year bonds on one of its interest dates for $414576 to yield an effective annual rate of 9%. The effective-interest method of amortization is to be used. Interest is paid annually.

What amount of discount (to the nearest dollar) should be amortized for the first interest period?

a. $3712

b. $4580

c. $5808

d. $7424

Reference no: EM132538793

Questions Cloud

Which is not required to be recognised by the acquirer : At acquisition date which of the following is not required to be recognised by the acquirer? goodwill separately from the identified assets acquired.
Why has an increasing share of household : Why has an increasing share of household savings been channelled through financial intermediaries? Hint: Comment on the role of financial intermediaries.
Show the bank balance sheet after the transaction : Suppose Alliance Bank Berhad loans all its excess reserves to Fargo Lighting Ltd. Show the bank's balance sheet after this transaction.
Calculate price of the stock : Calculate price of the stock and justify your decision for invest in Aramit Cement. (CMP= Tk. 92)
What amount of discount should be amortized : The effective-interest method of amortization is to be used. Interest is paid annually. What amount of discount should be amortized
How many years will it take for erika : If the two women's funds earn the same returns in the future as in the past, how many years will it take for Erika to become a millionaire?
Provide a simple working cloud implementation : Provide a simple working cloud implementation, and submit the contents in a ZIP file to Canvas, along with a presentation video
What is the difference between fifo and lifo : What is the difference between perpetual system and periodic system as inventory system . Define the consistency principle and the related announcement
What amount of gain or loss would Coronado report : Coronado Industries decided to redeem the bonds on January 1, 2017, what amount of gain or loss would Coronado report on its 2017 income statement

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