1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kykrilka [37]
2 years ago
5

On January 1, 2013, Goll Corp. issued 3,000 of its 10%, $1,000 bonds for $3,120,000. These bonds were to mature on January 1, 20

23 but were callable at 101 any time after December 31, 2016. Interest was payable semiannually on July 1 and January 1. On July 1, 2018, Goll called all of the bonds and retired them. Bond premium was amortized on a straight-line basis. Before income taxes, Goll's gain or loss in 2018 on this early extinguishment of debt was Group of answer choices $30,000 loss. $24,000 gain. $90,000 gain. $36,000 gain.
Business
1 answer:
LiRa [457]2 years ago
4 0

Answer:

$24,000 Gain

Explanation:

Given that,

Bonds issued = 3,000

Par value = $1,000

Value of issued bonds = $3,120,000

Goll's gain in 2018 on this early extinguishment of debt:

= Issue price of bonds - Premium amortized - Callable value

= $3,120,000 - [($3,120,000 - $3,000,000) × 11/20] - (3,000 × $1,000 × 1.01)

= $3,120,000 - $66,000 - $3,030,000

= $24,000 Gain

You might be interested in
Over time the average rate of return stocks is?
lana66690 [7]
I think answer should be a. Please give me brainlest let me know if it’s correct or not okay thanks bye
8 0
2 years ago
Wasif would like to add some flair to text on a slide in his presentation. Which option can he use to create more dynamic graphi
spayn [35]

Answer:

I believe its WordArt but if not it is fonts.

Explanation:

4 0
2 years ago
Read 2 more answers
It’s best to use full sentences when taking notes for research.<br> - True<br> ✅False
grigory [225]

Answer:

True

Explanation:

It is true because if you right something that is not the full thing you might not know what the actual answer is (it has happened to me before multiple times)

5 0
2 years ago
Read 2 more answers
Walsh Company is considering three independent projects, each of which requires a $4 million investment. The estimated internal
Softa [21]

Answer:

36%

Explanation:

The computation of the dividend payout ratio is shown below:

The dividend payout ratio is

= (Dividend ÷ total net income) × 100

where,

Dividend = Net income - equity amount

The net income is $7,500,000

And, the equity amount is

= $8,000,000 × 60%

= $4,800,000

So, the dividend is

= $7,500,000 - $4,800,000

= $2,700,000

As we can see that the IRR is more than the cost of capital in case of project Project H and Project M so we take the equity amount of this two projects

Now the dividend payout ratio is

= ($2,700,000 ÷ $7,500,000) × 100

= 36%

5 0
3 years ago
Which of the following statements is true about pension funds?
KATRIN_1 [288]

C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The basic rest-activity cycle is about 30 minutes in length <br> a. True <br> b. False
    13·1 answer
  • Why do pre-construction and design specialists typically take an interdisciplinary approach to their work?
    15·1 answer
  • LO 4.7In a job order cost system, factory wage expense is debited to which account?
    5·1 answer
  • Prepare journal entries for each of the following
    7·1 answer
  • The annual percentage rate on a credit card determines _______.
    13·2 answers
  • A consumer's willingness to trade one good for another can be expressed by the consumer's marginal rate of substitution. True Fa
    9·1 answer
  • Financial statements of Rukavina Corporation follow:
    6·1 answer
  • Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contribu
    5·1 answer
  • strayer partnered with top employers, business leaders, and recruiters to identify ________ that are critical to performing your
    11·1 answer
  • Suppose you started a new job recently. While you were completing your employee information forms online, you noticed that you m
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!