User Account

All Pages

What amount of unamortized premium on bond webb report

Assignment Help Financial Accounting
Reference no: EM131876305

Webb Co. has outstanding a 7%, ten-year $100,000 face-value bond. The bond was originally sold to yield 6% annual interest. Webb uses the effective interest rate method to amortize bond premium, and does not elect the fair value option for reporting financial liabilities. On June 30, 2010, the carrying amount of the outstanding bond was $105,000. What amount of unamortized premium on bond should Webb report in its June 30, 2011 balance sheet?

Reference no: EM131876305

Questions Cloud

Write a script that checks each minute and reports : Write a script that checks each minute and reports on who logs in and who logs out. Write a script that displays special formatted listing showing the filename.
What amount should york report as investment in bonds : York uses the effective interest method of amortization. In its December 31, 2010 balance sheet, what amount should York report as investment in bonds?
Compute the break-even point in dollars : Increase unit selling price 23% with no change in costs and expenses. Compute the break-even point in dollars for 2014
Write a script that accepts a ten-digit number as argument : Write a script that accepts a 10-digit number as argument and writes it to the standard output in the form nnn-nnn-nnnn.
What amount of unamortized premium on bond webb report : the carrying amount of the outstanding bond was $105,000. What amount of unamortized premium on bond should Webb report in its June 30, 2011 balance sheet
How you would apply goldratt theory of constraints : Overcome inertia Take up any process, preferably from your organization that you would like to improve in terms of productivity or quality, or both.
Create a script that accepts a filename as argument : Write a script that accepts a filename as argument and then searches /bin and /usr/bin to determine its link count. If the file exists and has multiple links.
How many shares of becks common stock were outstanding : Beck purchased 75,000 shares of its common stock and held it in Treasury. At December 31, 2011, how many shares of Beck's common stock were outstanding?
Write a script that compares two directories : Write a script that compares two directories bar1 and bar2 and copies or overwrites to bar1 from bar2 every file that is not present in bar1.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate whether the population is fairly stated

Assume a total book value of $230,000 for the 100 accounts selected for testing. You uncover three overstatements totaling $1,500 in the sample. Evaluate whether the population is fairly stated.

  Distinguish between direct and indirect costs

Which one of the subsequent statements best explains why companies want to distinguish between direct and indirect costs?

  Mortgage interest and real estate taxes

jane and Gary are married and file a joint return. They expect to have $ $350,000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $ $35,000 for mortgage i..

  Balances after adjustment-prepare a pie chart

The ledger of Skitch Corp. showed the following balances after adjustment on June 30, 2012, the end of the current fiscal year: Accounts payable $ 55,600General expenses $112,350 Accounts receivable 103,890Interest expense 6,750 Accumulated depreciat..

  Elucidate the difference in operating income for january

Elucidate the difference in operating income for January, February, and March under variable costing and absorption costing.

  Pro forma balance sheet construction

Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc.

  Calculate the amount of sales revenue

Last year, Flynn Company reported a net income of $70,000 when sales totaled $520,000 and the contribution margin ratio was 40%. If fixed costs increase by $10,000 for the coming year, calculate the amount of sales revenue Flynn Company would need to..

  Save the small town merchants

“Quite a few smaller stores have gone out of business during the time of Wal-Mart’s growth. Some people have tried to turn it into this big controversy, sort of a “Save the Small Town Merchants” deal, like they were whales or whooping cranes or somet..

  What is desired inventory

Company projects the next period sales will be 12,000 units. Company desires ending inventory equal to 20% of next month's sales. What is desired inventory? Also, if the beginning inventory is 100, and the current months sales are 14,000, what is the..

  Making decision based on process costingsolex company

making decision based on process costing.solex company manufactures three products from a common input in a joint

  Calculating revenue profit amp capital profit and passing

calculating revenue profit amp capital profit and passing journal entry.bon air inc. acquired 70 percent 2800 shares of

  Statement of cash flows using the indirect method

The following transactions pertain to Tree Corporation for 2015. Began operations when the business acquired $750,000 cash from the issue of common stock. Paid rent for office space for two years, $38,000 cash. Placed in a prepaid account. Prepare th..

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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