On December 31, 2020, the carrying value of the bonds Hart Inc. issued are $61,750, which includes

Fantastic news! We've Found the answer you've been seeking!

Question:

On December 31, 2020, the carrying value of the bonds Hart Inc. issued are $61,750, which includes a discount of $3,250. Hart Inc. paid $66,150 in cash to retire the bonds.

Posted Date: Dec 01, 2021 11:25 PM

See More Questions

Which of the following Statement is /are correct with regard to Product development program? Statement-1 Prototype development giving visual image of the product. Statement-II product improvement and...
The carrying value of bonds will equal the market price A) at the close of every trading day. B) at the end of the fiscal period. C) on the date of issuance. D) every six months on the date interest...
Drone Corp. is a company located in Barrington Il it is owned by Jennifer Swanson who inherited the business from her family. The companys original business was to manufacture and sell remote...
Table 2-5 Estonia Finland One Cell Phone 40 hours 16 hours Lumber (per board foot) 8 hours 4 hours Table 2-5 shows the number of labor hours required to produce a cell phone and a board foot of...
As an aid for improving students study habits, nine students were randomly selected to attend a seminar on the importance of education in life. The table shows the number of hours each student...
Given MA inclined plane = length of plane / height of plane, find each missingquantity. MA Length of Plane Height of Plane 6. 9.00 7. 8. 1.30 9 10. 17.4 3.40 ft 3.79 m ft 74.0 cm in. ft 0.821 m 9.72...
VLM Food Trading International, Inc. was a Canadian agricultural supplier. Starting in June 2012, VLM sold frozen potatoes to Illinois Trading Company, an Illinois produce distributor, through nine...
Last year the Diamond Manufacturing Company purchased over $10 million worth of office equipment under its special ordering system, with individual orders ranging from $5,000 to $30,000. Special...
Men Conference Ltd has an authorized share capital of 60,000,000 ordinary shares of Sh. 10 each and 500,000 shares of Sh. 50 each. The following trial balance of the company was extracted as at 31.12...
Ricky Bobby is divorced with two dependent children, ages 9 and 11. During 2022, Ricky had the following gross receipts: Salary income Passive loss from Alpha Partnership (Ricky is a limited partner...
Mini Case Study: www.oag.com Prior to the development of the internet the leading authority of airline timetables was Official Airline Guide (OAG) who published the definitive guide to all commercial...
You are owed $ 7 , 5 0 0 to be paid in one year. Instead you are requested to accept three equal and unknown payments ( call them X ) due today, 6 months from now, and 2 . 5 years from now. What is...
Little Pear is subject to a company tax rate of 30%. The company asks you to assess and calculate the after-tax (where relevant) cost of each of the following sources of funds: a. Ordinary $1 shares...
Question1: Write a program in python to Get Current Date and Time. Question 2: Write a program in python to Add Two Matrices.
How can accounting transactions or errors affect the notes to the financial statements, and what specific disclosures or information may need to be included in these notes to provide a full and...
Arias has an average age of inventory of 90 days, an average payment period of 30 days and an average collection period of 40 days.What is the firm's operating cycle in terms of days? Babbit, Inc....
Given the following class, how would you make it immutable, Re-write it by making the necessary changes. public class Movie ( (b) } public String title; public String director; public int runTime;...
A circular concrete shaft liner with Youngs modulus of 3.4 million psi, Poissons ratio of 0.25, unconfined compressive strength 3,500 psi and tensile strength 350 psi is loaded to the verge of...
Under an evolutionary classification system, species are grouped together based on (a) their shared similarities. (b) how closely related they are to one another. (c) their position in a hierarchy...
What criteria are used to classify species in the Linnaean system?
The scientific name of a species (a) consists of two parts, the family name and the species name. (b) is always underlined. (c) is always in Latin. (d) includes only the species name.

On December 31, 2020, the carrying value of the bonds Hart Inc. issued are $61,750, which includes

Question:

Expert Answer:

For redemption of bonds is as under Date Acco... View the full answer

Students also viewed these accounting questions