User Account

All Pages

What is the amount of the bond liability

Assignment Help Accounting Basics
Reference no: EM132531681

Question - Thorne Incorporated, a medical services company, issue a bond with zero face value. The bond will last 5 years, with a monthly cash interest payment of $830.36. Thorne Incorporated has an estimated annual market interest rate of 12%. What is the amount of the bond liability that Thorne Incorporated must record at the time the bond is issued?

Reference no: EM132531681

Questions Cloud

Compare artificial and biological neural networks : Compare artificial and biological neural networks. What aspects of biological networks are not mimicked by artificial ones? What aspects are similar?
How much equipment did plymouth company purchase : Total depreciation expense for the year was $600. How much equipment did Plymouth Company purchase during the year? Write the dollar amount of your answer
What was the risk premium on common stock in each : Assume these are the stock market and Treasury bill returns for a 5-year period:
What cybernetics would have raised from the bond issue : Assume Cybernetics decides to account for the bonds using the amortized cost method. Determine the interest and bond amortization for each
What is the amount of the bond liability : Thorne Incorporated has an estimated annual market interest rate of 12%. What is the amount of the bond liability
Set of financial statements : 1. Which is not a type of note found in a set of financial statements?
How disposal of shares in winter bhd should be accounted : How the disposal of shares in Winter Bhd should be accounted for in the consolidated financial statements of Snowy Bhd Group for the year ended
What is the dollar amount of the bond premium : What is the dollar amount of the bond premium or discount recorded on YaYa's books after the cash payment of the last cash interest payment
Networking can play in your professional life : A description of the role that networking can play in your professional life. A description of a professional organization in your degree field

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