Answer:
$200,000
Explanation:
The value of the government obligation = $5,00,000, 8%, 20 years bonds payable at 103
Interest expenses = $5,000,000 * 8/100 * 6/12 = $200,000.
Thus, $200,000 will be reported as debt service expenses in the fiscal year 20X7.
I believe the correct answer would be C. Officers of the corporation are appointed by the board of directors. These officers would always include the CEO or the Chief Executive Officer (President), the COO or the Chief Operating Officer, the CFO or the Chief Financial Officer (Treasurer) and the Secretary. Although it may vary from one company to another, those abovementioned are always present.
Answer:
The state of the economy.
Explanation:
An investment can be regarded as an asset/item which is acquired so that income can be generated i.e the Asset can appreciate, by saying appreciate we mean the increase in value with time. The goal of investment when purchased is to create a future wealth.
It should be noted that The level of investment in markets often indicates
The state of the economy.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Bonds held to maturity are recorded at the net carrying value (after any premium or discount amortization is made), but since these bonds were purchased at face value, there is no premium or discount to be amortized. The bonds should be reported at face value as non-current assets since they mature in more than 1 year.
Explanation:
all the numbers are missing, so I looked for a similar question:
Otter Creek & Co. Owns vast amount of corporate bonds. Suppose Otter Creek buys $1,200,000 of RoastCo bonds at face value on January 2, 2016. The RoastCo bond spay interest at an annual rate of 3% on June 30 and December 31, and mature on December 31, 2020. Otter Creek intends to hold the investment until maturity.
How would the bond investment be classified on December 31, 2016, balance sheet?