What is the carrying value of the bonds on December

Assignment Help Accounting Basics
Reference no: EM132560425

Question - El Kordy Company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2018. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,901,036. Using effective-interest amortization:

What is the carrying value of the bonds on December 31, 2019?

(a) $4,917,558

(b) $4,985,156

(c) $4,908,458

(d) $4,915,881

At the end of 2019, the Company should report unamortized bond discount of:

(a) $95,000

(b) $89,750

(c) $96,840

(d) $100,000

Reference no: EM132560425

Questions Cloud

Calculate the direct materials usage and price variances : GA Fabrics Corporation manufactured 1,000 units of a special multi-layer fabric with the trade name Ideas. Calculate Direct Materials Usage and Price Variances
Prepare the adjusting entries to record estimated bad debt : Prepare the adjusting entries to record estimated bad debt expense using the percentage-of-receivables basis under each of the independent
Find and journalize the business transaction in general form : Find and Journalize the business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions
Heat of solution for ammonium nitrate : A cold pack contains 135.0 g of water and 50.0 g of ammonium nitrate. What will be the final temperature (in °C) of the activated
What is the carrying value of the bonds on December : El Kordy Company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2018. What is the carrying value of the bonds on December
What are the balanced redox reaction equation : Discussion what are the balanced redox reaction equation for all of the pairs you tested. (Al Cu Fe Mg Sn Zn)
What method of costing and traditional system : What method of costing system (Traditional/ABC) do you think is appropriate for this company? Describe each method first and support your argument.
Write a balanced reaction first : What volume of 0.305 M AgNO3 is required to react exactly with 155.0 mL of 0.274 M Na2SO4 solution?
What volume of 0.244 m kcl solution : According to the following reaction, what volume of 0.244 M KCl solution is required to react exactly with 50.0 mL of 0.210 M Pb

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.

  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!

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