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rewona [7]
3 years ago
13

A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company ret

ired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement
Business
1 answer:
choli [55]3 years ago
5 0

Answer:

$1,500 loss

Explanation:

Calculation for the gain or loss on this retirement

First step is to find the 97% of the bond outstanding $100,000

Par value of bond=97%*$100,000

Par value of bond=$3,000

Second step is to calculate for the gain or loss on the retirement using this formula

Carrying value of bond=Par value of bond-Unamortized discount on bond

Let plug in the formula

Carrying value of bond=$3,000-$4,500

Carrying value of bond= -$1,500

Therefore the loss on this retirement will be $1,500

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The electrical action has the better expected monetary value with 492,000

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3 0
3 years ago
In reviewing the agreement between AdCreate and Anchor Motors, Jacob Stein found that sales ofAnchor rose 2.8% compared to the p
kakasveta [241]

Answer:

AdCreate billed Anchor Motors $529,412 for the third quarter in 2010

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8 0
3 years ago
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Anuta_ua [19.1K]

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Type A

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Answer:

The correct option is A,safety needs

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In other words, by paying them something extra they are placed in the safety needs hierarchy where they are also able to look after personal security,comfort,good health as well as acquisition of property.As result,there is no doubt that the living wage satisfies the safety needs' hierarchy in Abraham Maslow's hierarchy of needs

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