What amount will dudas report the bonds on december

Assignment Help Financial Accounting
Reference no: EM132600739

On January 1, 20X4, Dudas Accounting Corp. bought $1,000,000 of 4.5% bonds that pay interest semi-annually on June 30 and December 31. The market rate of interest on January 1, 20X4, was 4%. The company intends to hold on to the bonds up to their December 31, 20X8, maturity date to collect all of the contractual cash flows. The market value of the bonds on December 31, 20X4, was $1,023,000.

Question 1: Dudas reports its financial results in accordance with IFRS. At what amount will Dudas report the bonds on its December 20X4 statement of financial position?

Option a) $1,018,149

Option b) $1,018,314

Option c) $1,022,456

Option d) $1,023,000

Reference no: EM132600739

Questions Cloud

BA214 Corporate Accounting Assignment : BA214 Corporate Accounting Assignment Help and Solution, Melbourne Institute of Technology - Assessment Writing Service
COSO framework of internal controls is practiced : The COSO framework of internal controls is practiced within companies around the world.
Find which journal entry to record the sale of investment : The journal entry to record the sale of the investment in Gidget would include which of the following? Gretta's policy is to transfer previously unrealized hold
Define Scalability : Define Scalability and list five to ten potential relationships that align with the Pareto principle,
What amount will dudas report the bonds on december : On January 1, 20X4, Dudas Accounting Corp. bought $1,000,000, At what amount will Dudas report the bonds on its December 20X4 statement of financial position?
Find which journal entry to record the sale of investment : The journal entry to record the sale of the investment in Gidget would include which of the following? Gretta's policy is to transfer previously unrealized hold
How basic uncomplicated situation awareness : How basic uncomplicated "situation awareness" can help tremendously with security countermeasures?
Are union good or bad for the economy : You are watching national news with your roommate. The news anchor says, "unemployment statistics release by Department of Labor today
Discuss federal reserve policy related : Understand what the Federal Reserve policy in a time of recession and if they believe there is inflation

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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