A. the repairs do not extend beyond the damage suffered.

On June 30, 2018, K Co. had outstanding 10%, $19,000,000 face value bonds maturing on June 30, 2023. Interest is payable semiann

mariarad [96]

Answer:

K Co would recognize $259,000 as gain on redemption of bonds before income taxes.

Explanation:

Given information available to us -

Face value of the [email protected]% = $19,000,000 (on June 30,2018)

Unamortized bond premium = $69,000

Interest is payable semi annually on every June 30 and December 31

On June 30 K acquired all outstanding bonds at 99% from the open

market and retired them.

So for calculating the gain the first would be to calculate the face value of the bonds on June 30, 2018, which would be equal to =

Face value of the bond + unamortized bond premium

Book value of the bonds = $19,000,000 + $69,000

= $19,069,000

and now we will subtract the redemption price from the book value to see how much gain will come,

GAIN= Book value of bonds - 99% of the face value of the bonds

= $19,069,000 - $18,810,000

= $259,000

5 0

4 years ago

Fawn is a broker who has just been made an officer of her large, multi-office real estate firm. One of her salespeople has recen

4vir4ik [10]

Answer: Fawn faces potential liability of not being fair in judgement because one of her staffs is invovled in Housing investigation.

Explanation:

4 0

3 years ago

Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agre

Alexxandr [17]

Answer:

c

Explanation:

5 0

3 years ago

Find the average rate of change of the tuition and fees at public two-year colleges. the average rate of change is $ nothing per

Westkost [7]

The average change in the tuition in the school is $1748.30 per year

<h3>How to find the average rate of change</h3>

The formula would be

y2 -y1 / x2 - x1

The value for y1 = 19890

y2 = 30380

x2 = 2011

x1 = 2005

We would have to put these values in the formula that we have above such that we would be having:

30380 - 19890 / 2011 - 2005

10490 / 6

= $1748.30

Hence we would say that the average rate of change is $1748.30 per year.

Read more on the average rate of change here

brainly.com/question/11627203

#SPJ1

5 0

2 years ago

The problem of a double coincidence of wants refers to A. poorlyminusmanaged companies producing what consumers want only by coi

bija089 [108]

Answer:

D. the necessity in a barter system of each trading partner wanting what the other has to trade.

Explanation:

Double confidence of wants was one of the shortcomings of the barter system.

For example, if someone wants corn and has yam. He has to find someone that wants yam and has corn to trade in order for a trade to occur.

The introduction of money solved this problem.

I hope my answer helps you

7 0

3 years ago