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BlackZzzverrR [31]
3 years ago
7

Thomas Marley Fitness Gym has $ 700 comma 000 of 20​-year bonds payable outstanding. These bonds had a discount of $ 77 comma 00

0 at​ issuance, which was 10 years ago. The company uses the​ straight-line amortization method. The current carrying amount of these bonds payable is
Business
1 answer:
Aleks04 [339]3 years ago
3 0

Answer:

$661,500

Explanation:

Given that

Bonds payable $700,000

Discount of issuance = $77,000

The computation of current carrying amount is shown below:-

Current carrying amount = Bonds payable - discount on bonds payable

Discount on bonds payable = Discount at issuance  (Issuance ÷ Years bonds payable)

= $77,000 × (10 ÷ 20)

= $38,500

Now we put it into formula

= $700,000 - $38,500

= $661,500

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Fiesta28 [93]
The correct answer is medicine.
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3 0
3 years ago
Sayon Co. issues 200,000 shares of $5 par value common stock to acquire Trask Co. in an acquisitionbusinesscombination. The mark
enot [183]

Answer:

option (c) $1,365,000

Explanation:

Given;

Number of shares issued = 200,000

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= $1,365,000

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5 0
3 years ago
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MaRussiya [10]

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

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