Why is there no gain or loss when bonds are redeemed at maturity, but there usually is
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
When a bond reaches maturity any premium or discount will have been fully am...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Question Posted:
Students also viewed these Cost Accounting questions
-
Indicate whether each of the following statements about a liquidation is true or false. If the statement is false, explain why. a. Liabilities assumed by a shareholder when a corporation liquidates...
-
Is there always a gain or loss when bonds are redeemed? How is the gain or loss calculated?
-
Crist Company operates a lawn mowing service. Crist has chosen to depreciate its equipment for financial statement purposes using the straight-line method. However, to save cash in the short run,...
-
Joan has been a full-time director of Sunnybank Pursuits Ltd (a trading company) since 2001 and has owned 10% of the company's ordinary shares since 2002. She retired in February 2021 and gave all of...
-
Cash and Accrual Basis Nalezny Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from its regular bank, Nalezny Corp. requests you as its...
-
Multnomah Manufacturing estimated that its total payroll for the coming year would be $540,000. The workers compensation insurance premium rate is 0.2%. REQUIRED 1. Calculate the estimated workers...
-
Consider a correctly specified regression model with $p$ terms, including the intercept. Make the usual assumptions about $\varepsilon$. Prove that \[\sum_{i=1}^{n}...
-
A review of the ledger of Khan Company at December 31, 2014, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $9,300. The company has...
-
Write a python program that drawing the following fill shape. Python Turtle Graphics
-
The Blending Department of Luongo Company has the following cost and production data for the month of April. Units transferred out totaled 20,740. Ending work in process was 1,220 units that are 100%...
-
What is the difference between a current liability and a non-current liability? Give two examples of each type of liability.
-
The Canada Student Loans Program charges interest at prime plus an added percentage, such as 2.5%, on its loans to students. Is this a fixed or floating rate? Explain.
-
Write the formula for the price elasticity of demand. Why isn't elasticity just measured by the slope of the demand curve?
-
Describes the organization's financial condition. https://venicefamilyclinic.org/?view=vfc_home Financial statement and report https://venicefamilyclinic.org/about-the-clinic/#financials
-
Steam enters a well-insulated nozzle operating at steady state at 800 F, 400 psia and a velocity of 5 ft/s. At the nozzle exit, the pressure is 14.696 psia (or 14.7 psia), and the velocity is 3650...
-
Pretend you are starting up a small business that will have some employees. What benefits would you want to be able to offer them? Would the Affordable Care Act influence your decisions regarding...
-
How do you calculate the present value of a series of quarterly floating rate payments for the next 8 quarters? Notional value is 100Million annual rates based on quarterly compounding Forward Rates...
-
Why do you think OOFOS s return on ad spend ( ROAS ) might be decreasing over time?
-
For each molecule shown below, 1. indicate the most acidic hydrogens. 2. draw the important resonance contributors of the anion that results from removal of the most acidic hydrogen. a. b. c. d. e....
-
Perform the operation by first converting the numerator and denominator to scientific notation. Write the answer in scientific notation. 7,200,00/0.000009
-
Short Track Speed Skating, a public company, purchased equipment on January 10, 2010, for $600,000. At that time, management estimated that the equipment would have a useful life of 10 years and a...
-
SE Parts Supply Company purchased land and a building on August 1, 2012, for $595,000. It paid $200,000 in cash and signed a 5% note payable for the balance. The company estimated the land was worth...
-
On January 3, 2013, Ajax Adanacs purchased a piece of equipment for $125,000. The equipment's estimated useful life is either three years or 12,000 units, with a residual value of $18,000. The...
-
Using two-way Set-Associative mapping method, design two-way mapping for cache memory from main memory. Explain why you need each condition and show all intermediate calculation procedures. You must...
-
18) Under the proration approach, the sum of the amounts shown in the subsidiary ledgers will not match the amounts shown in the general ledger because no adjustments from budgeted to actual...
-
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly...
Study smarter with the SolutionInn App