If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account
Question:
If the Bonds Payable account has a balance of $900,000 and the Discount on Bonds Payable account has a balance of $120,000, what is the carrying value of the bonds?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
780000 The balance of the Bonds Payable a...View the full answer
Answered By
Tamil Elakkiya Rajendran
I'm currently involved in the research in the field of Biothermodynamics, Metabolic pathway analysis and computational Biology. I always prefer to share my knowledge whatever I have learnt through my degree whenever time permits.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Business questions
-
If the Bonds Payable account has a balance of $700,000 and the Discount on Bonds Payable account has a balance of $36,000, what is the carrying value of the bonds?
-
A company's Cash account has a balance of $851 as of October 31. The bank statement for this account reports a balance of $1,520 as of October 31. There are outstanding checks totalling $840 and a...
-
What is the carrying value of a bond?
-
According to data released by the World Bank, the mean PM10 (particulate matter) concentration for the city of Kabul, Afghanistan, in 1999 was 46. Suppose that because of efforts to improve air...
-
Sketch a sinusoidal wave with amplitude of 3 V/m and a wavelength of 600 nm. This represents the electric field portion of a visible EM wave traveling to the right with intensity I0. Beneath the...
-
Show that the Taylor series for (x) = tan -1 x diverges for |x| > 1.
-
In 1940, the family of Thomas Back entered into an oil-and-gas lease with the Inland Gas Corporation. The lease held that Inland would pay to Backs family 12 cents per thousand cubic feet of gas...
-
A production process at Kenneth Day Manufacturing is shown in figure S7.9. The drilling operation occurs separately from, and simultaneously with, the sawing and sanding operations. A product needs...
-
Q1) Find expressions for the Revenue, Cost, and Profit from selling x thousand items. Item Price Variable Cost $8.00 3816x Fixed Cost $71,174
-
Campus Theater adjusts its accounts every month. The companys unadjusted trial balance dated August 31, 2015, is on page 176. Additional information is provided for use in preparing the companys...
-
At December 31, 2020, Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock outstanding and 100,000 shares of $10 par value common stock issued. Millwoods net income for the...
-
On January 1, 2018, Glover Corporation issued $2,400,000 of 5-year, 8% bonds at 95. The bonds pay interest annually on January 1. By January 1, 2020, the market rate of interest for bonds of risk...
-
Replace the polar equations with equivalent Cartesian equations. Then describe or identify the graph. r 2 = 1
-
Consider a sequential trade market like in Glosten and Milgrom (1985). The asset valueVcan take only two values,0and1, with equal probability0.5. In the market, half of the traders are informed and...
-
Using HTML and Javascript for Web Development: Create HTML form with HTML tag. This form will have 2 text boxes and a button. Textboxes will be for name and age. in javascript function, get the...
-
Imagine that a venture capitalist at Argiro Ventures evaluating the following startup idea today (assume today's date is January 1, 2021). Your fund typically seeks a 25% IRR on its investments. The...
-
You are an investment planner with Grow Your Wealth Inc. You are licensed to sell mutual funds, and Exchange Traded Funds (ETFs). A prospectiveclient has come to you seeking your advice and has the...
-
SBSC bank currently pays 1.75% p.a. on 12-month term deposits and expects to be able to attract similar funds in 12 months' time at a cost of 1.5%. Accordingly, it has priced a fixed two-year loan of...
-
A small ball swings in a horizontal circle at the end of a cord of length l1, which forms an angle (1 with the vertical. The cord is then slowly drawn through the support at O until the length of the...
-
Wal-Mart is the second largest retailer in the world. The data file on the disk holds monthly data on Wal-Marts revenue, along with several possibly related economic variables. a) Using computer...
-
Speier Industries has sales in 2010 of $5,600,000 (800,000 units) and gross profit of $1,344,000. Management is considering two alternative budget plans to increase its gross profit in 2011. Plan A...
-
Vidro Company prepares monthly cash budgets. Relevant data from operating budgets for 2011 are: All sales are on account. Collections are expected to be 60% in the month of sale, 30% in the first...
-
The budget committee of Guzman Company collects the following data for its Westwood Store in preparing budgeted income statements for July and August 2010. 1. Expected sales: July $400,000, August...
-
What role does agency play in the Hypodermic Model of Communication? Long after the model has been abandoned by experts in persuasion and mass media, why does this model live on as common sense?
-
Sophia operates a large singing school with 22 employees. She receives advance fee payments from students in respect of each course (a course consists of 26 lessons). If a student does not attend all...
-
Daniel is a resident individual who carries on a retail business but does not use the SBE method of accounting for income in his business. On 30 June of the current tax year he had trade debtors of...
Study smarter with the SolutionInn App