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Lady_Fox [76]
3 years ago
15

During the current period, Roberts recognized interest expense of $9,400 and paid interest of $9,000 related to its discounted b

onds. The amortization recognized during the current period was:____________.
Business
1 answer:
VARVARA [1.3K]3 years ago
6 0

Answer:

amortization on discount on BP 400

Explanation:

When there is a difference between the face value and the issuance proceeds from the bond a premium or discount is created.

When the proceeds are above, there will be a premium and the interest expense will be lower thant the actual cash outlay on the bond.

When theface value is above the proceeds, there is a discount.and expenses are higher than cash payment to bondholders.

In this case the expense is higher so there is a discount.

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Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is
IRISSAK [1]

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Explanation:

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According to the principle of rational choice, if there is diminishing marginal utility: select one:
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Determine what the net income or loss Use the business transactions below to: 1. Stockholders invest $40,000 in cash in starting
Angelina_Jolie [31]

Answer:

the question is incomplete, so I looked for a similar one:

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<u>Income statement</u>

Service revenue                             $4,000

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  • Rent $700
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  • Office salaries $2,500         <u>($4,000)</u>

Net income                                          $0

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