User Account

All Pages

What amount should cruz recognize as gain

Assignment Help Accounting Basics
Reference no: EM131894725

Question - On June 30, 2013, Cruz Co. had outstanding 9%, $ 5,000,000 face value bonds maturing on June 30, 2018. Interest was payable semiannually every June 30 and December 31. On June 30, 2013, after amortization was recorded for the period, the unamortized bond premium and bond issuance costs were $ 30,000 and $ 50,000, respectively. On that date, Cruz acquired all its outstanding bonds on the open market at 98 and retired them. At June 30, 2013, what amount should Cruz recognize as gain before income taxes on redemption of bonds?

Reference no: EM131894725

Questions Cloud

Implementing hrm practices in brief : Traditionally, human resource management practices were developed and administered by the company's human resource department.
What was boeings operating cycle : a receivables period of 136 days and a payables period of 460 days. What was Boeings operating cycle - How much will you have at the end of the fourth year
How long does it take for the counter to wrap around : The control field in a TCP segment is 6 bits. We can have 64 different combinations of bits. How long does it take for the counter to wrap around?
What are some distinctions between power and influence : How would you define power. How would you define influence. What are some distinctions between power and influence in an organizational setting.
What amount should cruz recognize as gain : At June 30, 2013, what amount should Cruz recognize as gain before income taxes on redemption of bonds
How many bytes of option are included in the segment : If the value of HLEN is 0111, how many bytes of option are included in the segment? Choose an appropriate ephemeral port number.
What is the total amount of expense : income statement for the six months ended June 30, year 1, what is the total amount of expense relating to these two items that should be reported
Captures the essence of the major lessons : use a metaphor or analogy that captures the essence of the major lessons learned in the BBA program (e.g., business administration is like . . .).
Discuss the principle of comparative advantage : The traditional trade model involves the movement of finished products among nations, while multinational enterprise analysis stresses movements of factor.

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