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 $40,000, 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: 53% (13 reviews)
The Carrying value of the bond is nothing the present value of the bond at shown balance sh...View the full answer
Answered By
Caroline Kinuthia
Taking care of the smaller details in life has a larger impact in our general well being, and that is what i believe in. My name is Carol. Writing is my passion. To me, doing a task is one thing, and delivering results from the task is another thing. I am a perfectionist who always take things seriously and deliver to the best of my knowledge.
4.90+
1933+ Reviews
4269+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting 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?
-
Solve each system. x + 4y = - 3x + 2y = 17 -9
-
Livingston Company is a wholly owned subsidiary of Rose Corporation. Livingston operates in a foreign country with financial statements recorded in goghs (GH), the company's functional currency....
-
The April transactions of Wiset Company are described in Problem 7-2A. In Problem 7-2 Wiset Company completes these transactions during April of the current year (the terms of all its credit sales...
-
Prove by induction that \[\int_{0}^{T} B_{t}^{k} d B_{t}=\frac{B_{T}^{k+1}}{k+1}-\frac{k}{2} \int_{0}^{T} B_{t}^{k-1} d t\]
-
Following is a partially completed balance sheet for Epsico, Inc., at December 31, 2010, together with comparative data for the year ended December 31, 2009. From the statement of cash flows for the...
-
ABC limited. has a 6% coupon bonds that has maturity in 11 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9%?
-
1. What were the key forms of human, social and organizational capital generated in One Team? 2. What role did HR practices play in supporting these forms of capital? 3. In the future: a. How might...
-
If a 7%, 10-year, $800,000 bond is issued at face value and interest is paid semiannually, what is the amount of the interest payment at the end of the first semiannual period?
-
Clooney Company rents a warehouse on a month-to month basis for the storage of its excess inventory. The company periodically must rent space when its production greatly exceeds actual sales. What is...
-
Use a calculator to solve the given inequalities. Graph the appropriate function and from the graph determine the solution. x 3 + x + 1 < 0
-
What reasons might a person have to forego this planning? What do the other surveys indicate about Americans' propensity to plan their estates? 2. Why does a minor child need a guardian? What types...
-
Everyone sat silently in the conference room until the receptionist said, "You can go in." An impressive, long table stood in the middle of the mahogany-paneled room. Both parties sat down and were...
-
1. The state decided to pave a portion of an interstate route. It furnished all prospective bidders with a bound set of documents. The documents were to be used as a basis for the bids. Sheet 2B...
-
Write a unique essay and contain a personal reflection on integrity on education around 400 words, exactly 400 words, please.?
-
What factors can CMS consider when reducing the amount of the violation in connection with a self-disclosed Stark Law violation?
-
For the following sinusoid: \(v(t)=10 \cos (2 \pi 200 t+\) \(\left.60^{\circ}ight) \mathrm{V}\) (a) Find the Fourier coefficients, cyclic frequency, and radian frequency. (b) Plot the waveform by...
-
What are three disadvantages of using the direct write-off method?
-
Refer to the following system of linear inequalities: Is the point (3, 6) in the solution region? 4x + y = 20 3x + 5y = 37 x 0 y 0
-
Huang Inc. has one product line that is unprofitable. What circumstances may cause overall company net income to be lower if the unprofitable product line is eliminated?
-
Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative B will have revenues of $180,000 and costs of $125,000. Compare...
-
Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative B will have revenues of $180,000 and costs of $125,000. Compare...
-
Inventory costs are most likely to be shown as which type of data
-
A company manufactures several products that originate in a joint process and are separated at a split-off point. Which one of the following methods of joint-cost allocation would allocate the same...
-
Concepts What is the difference between determining the break-even point in units and determining the required sales in units for a target net income? To determine the break-even point in units you...
Study smarter with the SolutionInn App